Insider: David Bailey, who lobbied Trump to support cryptocurrencies, achieved a 640% net return for his hedge fund within one year

On July 18, according to Bloomberg, a key strategist behind the lobbying campaign that turned Donald Trump into one of the most prominent supporters of cryptocurrency is now making big bets in one of the industry’s hottest sectors—and reaping remarkable returns. According to people familiar with the matter, David Bailey’s hedge fund, 210k Capital, achieved a net return of 640% in the 12 months ending in June, far outpacing Bitcoin’s own gains. The fund has invested in about a dozen companies that have transitioned into Bitcoin buyers. As of June 30, 210k Capital managed $433 million in assets.