TechFlow news, July 25 — According to Fortune, Pure Crypto, a Chicago-based fund of funds, is planning to raise its fourth fund, betting on what it predicts will be the crypto industry's "last major boom."
The firm's founder Jeremy Boynton and managing partner Zachary Lindquist said they believe this may be the "last chance" to achieve venture capital-style returns from cryptocurrency investments. The two are not predicting the end of crypto, but rather that this is the final window for outsized returns before the industry becomes mainstream and "boring."
Pure Crypto currently manages around $100 million in assets. Its first fund, launched in 2018, had grown nearly 1000% by the end of 2024, reaching a value of approximately $60 million.
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