David Bailey, Trump, and the Bitcoin Boom: Inside 210k Capital’s Crypto Bet
210k Capital, a hedge fund founded by David Bailey, achieved a net return of 640% over 12 months, driven by investments in companies adding Bitcoin to their balance sheets. The fund's wealth is attributed to Bitcoin treasury investments across multiple countries, including the US and UK. It holds stakes in several Bitcoin-linked companies and is evaluating an additional 30 investments in Bitcoin proxies. Bailey, a key adviser to Donald Trump's pro-crypto policy, has significant influence in the digital asset sector. Since MicroStrategy adopted Bitcoin as a treasury asset, over 150 companies have followed suit. Analysts express mixed views on the sustainability of Bitcoin treasury firms, noting potential risks related to market value and long-term strategies. Recent legislative developments include the House passing three crypto bills addressing stablecoins and market structure.
