According to Foresight News, Bloomberg reported that David Bailey, CEO of Bitcoin finance company Nakamoto, is one of the strongest advocates for Trump's shift in view on cryptocurrency. David Bailey's hedge fund 210k Capital achieved a net return of 640% over the 12 months ending in June, after investing in about a dozen companies that turned to buying Bitcoin, far exceeding the returns of Bitcoin itself. According to insiders, as of June 30, the fund managed assets totaling $433 million.
Tyler Evans, the managing partner of 210k Capital, stated in an interview on July 15 that the company is considering making an additional 30 investments in existing and potential Bitcoin proxies. Its portfolio includes Bitcoin sovereign bond investments from countries such as Japan, Canada, Sweden, Australia, the United States, and the United Kingdom, which collectively account for about 95% of its total assets.
