A $100 Million Crypto Fund Opens With the Goal of Going Long
- Darma Capital is betting Ether will have a 10-year bull run
- Ether had 17,775% rise before almost all its gains disappeared
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The crypto world might call it the Big Long.
A new $100 million investment firm, Darma Capital, is opening to investors who want to bet that digital assets such as Ether are poised for a 10-year bull run. Of course, Ether saw one of the largest boom-and-bust cycles in crypto, rising an astounding 17,775% in 2017 only to see 94% of its gains erased by the end of last year. Darma’s founders, however, are counting on Ether’s long-term integral role in the Ethereum blockchain to counter such mania.