David Bailey, Who Convinced Trump to 'Turn Pro-Bitcoin,' Records 640% Hedge Fund Return

David Bailey, known as the figure who championed former President Donald Trump's support for digital assets (cryptocurrencies), reportedly achieved a 640% return with his hedge fund over the last year.

According to Bloomberg on the 18th, 210k Capital, managed by Bailey, posted a net return of approximately 640% for the 12 months between July 2024 and June 2025. This performance far surpasses the rise of Bitcoin (BTC) during the same period. As of the end of June, assets under management totaled $433 million.

Notably, 210k Capital has pursued a strategy of persuading listed companies unrelated to cryptocurrencies, such as those in hotels or web design, to purchase Bitcoin, transforming these firms into 'Bitcoin-holding companies' to drive up their stock prices.

For example, a pre-IPO investment in the UK's Smarter Web Company led to a 14,000% increase. The fund also reportedly achieved over 100x returns by investing in Japan's hotel chain, Metaplanet, immediately after a strategic pivot in April 2024.

The fund focuses investments in Bitcoin-holding companies across Japan, the United States, Canada, Australia, and Sweden, with these companies making up 95% of the total portfolio.

Bailey is seen as the main lobbyist behind President Trump's own remarks about 'turning pro-Bitcoin,' and was also the host of the 'Crypto Ball,' an event celebrating Trump’s inauguration. Last July, during the Bitcoin Conference held in Nashville, Trump praised Bailey on stage, saying, "David, whatever you did, you did really well."

Meanwhile, 210k Capital has recently been seeking new investment opportunities, primarily in countries without a spot Bitcoin ETF, such as India, Korea, Southeast Asia, and Latin America.