A $100 Million Crypto Fund Makes Long-Term Bet on Ethereum
By CCN: Bloomberg’s Matthew Leising profiled Darma Capital. It’s a $100 million crypto fund with a bullish view on Ethereum and a visionary approach to the future of the internet. You might say they’re long Ethereum above all. The hedge fund is helping high-net-worth accredited investors to position themselves for a decade long ether bull run.
A key figure in Darma’s rise is Andrew Keys.
He announced in a press release Thursday that he’s joining Darma Capital as a managing partner. Keys was a co-founder of ConsenSys Capital, a Brooklyn-based Ethereum application developer. He brings a solid Ethereum blockchain record to the fund. Talking to Bloomberg, he compared the crypto industry today to the internet of the 1990s.
Darma Capital’s approach is based on its vision of the fundamental changes that blockchain technology has made possible. Keys argues these sweeping changes will certainly disrupt how we use the Internet. His massive hedge fund aims to capture an extraordinary amount of the value these changes will bring to markets.
Ether Bull Run Will Change Everything
In a 2018 interview at the World Economic Forum at Davos, Keys said:
“We will have a decentralized World Wide Web, and it will impact every aspect of our humanity. I’m going to be able to have peer-to-peer transactions with counter parties without a bank, or a Facebook, or an Uber, an Amazon, an eBay in the middle.”
