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Bloomberg: David Bailey Convinces Trump to Support Cryptocurrency, Hedge Fund Achieves 640% Net Return Within 1 Year
Summary: According to Bloomberg, a key strategist who convinced Donald Trump to become a strong supporter of cryptocurrency has made a significant bet in one of the hottest sectors in the industry and reaped astonishing returns. Sources reveal that David Bailey's hedge fund, 210k Capital, achieved a net return of 640% in the 12 months ending ...
According to Bloomberg, a key strategist who convinced Donald Trump to become a strong supporter of cryptocurrency has made a significant bet in one of the hottest sectors in the industry and reaped astonishing returns. Sources reveal that David Bailey's hedge fund, 210k Capital, achieved a net return of 640% in the 12 months ending in June, far surpassing the rise of Bitcoin itself. The fund has invested in around a dozen companies that have transitioned into Bitcoin buyers. As of June 30, 210k Capital's assets under management stood at $433 million.
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Link: Bloomberg: David Bailey Convinces Trump to Support Cryptocurrency, Hedge Fund Achieves 640% Net Return Within 1 Year [Copy]
