BlockBeats reported on July 18 that, according to Bloomberg, a key strategist behind the lobbying effort that turned Donald Trump into the most powerful supporter of cryptocurrency is betting heavily in one of the hottest areas of the industry and is reaping astonishing returns.
According to informed sources, David Bailey's hedge fund 210k Capital achieved a net return of 640% in the 12 months ended June, far exceeding the rise of Bitcoin itself. The fund invested in around a dozen companies that have transformed into Bitcoin buyers.
As of June 30, 210k Capital's assets under management amounted to $433 million.
