According to ChainCatcher, citing Bloomberg, a key strategist who transformed Donald Trump into one of the most powerful supporters of cryptocurrency is placing significant bets in one of the industry's hottest sectors and receiving an astonishing return.
According to informed sources, David Bailey's hedge fund, 210k Capital, achieved a net return of 640% in the 12 months ending in June, far exceeding Bitcoin's own appreciation. The fund has invested in approximately a dozen companies that have transitioned to Bitcoin buyers. As of June 30, 210k Capital's assets under management were $433 million.
Tyler Evans, executive partner of 210k Capital, stated in an interview on July 15 that the company is considering an additional 30 investments in existing and potential Bitcoin proxies.
