According to BlockBeats, a key strategist behind the lobbying efforts that turned U.S. President Donald Trump into a strong supporter of cryptocurrency is making significant investments in one of the industry's hottest areas, yielding impressive returns.
Insiders report that David Bailey's hedge fund, 210k Capital, achieved a net return of 640% over the 12 months ending in June, far surpassing Bitcoin's own growth. The fund has invested in approximately a dozen companies that have transitioned into Bitcoin purchasers.
As of June 30, 210k Capital managed assets totaling $433 million.