Crypto funds have seen their principal halved after four years of investing in top-tier VCs. What’s wrong with crypto funds?
Original author: PANews, Zen
Recently, Akshat Vaidya, co-founder and head of investment at Arthur Hayes’ family office Maelstrom, publicly disclosed a dismal investment performance on X, sparking widespread discussion in the crypto community.
Vaidya said he invested $100,000 in Pantera Capital’s early-stage token fund (Pantera Early-Stage Token Fund LP) four years ago, and now only has $56,000 left, losing almost half of his principal.
In contrast, Vaidya pointed out that during the same period, the price of Bitcoin roughly tripled, while many seed-round crypto projects saw returns soaring by 20–75 times. Vaidya lamented, “While the specific year an investment enters the market is important, losing 50% in any given period is…
