David Bailey played a key role in transforming US President Donald Trump from a crypto skeptic into a vocal supporter. Now, he’s reaping the rewards.
210k Capital, a hedge fund founded by entrepreneur David Bailey, has reportedly posted massive gains from its digital asset holdings after helping persuade US President Donald Trump to adopt a pro-crypto policy stance, highlighting the potential impact of favorable regulation on the digital asset sector.
The fund delivered a net return of 640% in the 12 months through June, largely driven by investments in publicly traded companies that added Bitcoin (BTC) to their balance sheets, Bloomberg reported.
As a private entity, 210k Capital is not required to disclose financials, but Bloomberg obtained the figures from an anonymous source, who also said the fund’s wealth stems from Bitcoin treasury investments in several countries, including the US, UK, Canada, Australia and Sweden.
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