Pure Crypto Launches Fourth Fund as Founders Predict Last Major Crypto Growth Spurt

Pure Crypto, a fund of funds based outside Chicago, is preparing to launch its fourth fund, which its founders predict will capitalize on what they describe as the final significant growth period for cryptocurrencies. Jeremy Boynton and Zachary Lindquist, the firm’s co-founders, assert that this initiative represents the last opportunity to achieve venture capital-like returns in the crypto space before the industry matures and annual gains align more closely with traditional markets like the Nasdaq. Their first fund, launched in 2018, has grown nearly 1,000% to approximately $60 million as of late 2024, underscoring their confidence in their approach.

The founders acknowledge that the crypto market’s volatility—exemplified by Bitcoin’s rapid price swings—makes it unsuitable for risk-averse investors. However, they emphasize that their strategy involves allocating capital to a select group of highly vetted crypto funds. Currently, Pure Crypto invests in eight firms, with Multicoin Capital playing a central role in their portfolio. Lindquist explained that the firm actively reallocates resources by “firing” underperforming managers, a tactic they claim has driven their success.

Regulatory developments in the U.S. are cited as a key factor shaping the firm’s timing. President Donald Trump’s recent signing of a stablecoin regulation bill and pending Senate legislation aim to clarify oversight of the crypto market. Boynton and Lindquist interpret these moves as signals of the industry’s transition toward mainstream legitimacy, which they argue will eventually erode the outsized returns seen in earlier crypto cycles. Meanwhile, corporate adoption of stablecoins by firms like Meta and Apple further suggests a shift toward broader acceptance.

Despite not yet securing any investments for the new fund, the pair remains confident in their ability to raise tens of millions of dollars. This optimism is rooted in their prior performance and a strategy that leverages their track record to attract capital. Lindquist, a physics graduate who joined Pure Crypto in 2018, has played a pivotal role in refining the firm’s approach. The firm’s parent company, Laureate Wealth Management, which oversees the finances of high-net-worth family offices, has also contributed to their fundraising efforts.

Boynton and Lindquist’s projections reflect a broader industry trend: institutional investors and family offices are increasingly viewing crypto as a viable asset class, albeit one that requires careful navigation of regulatory and market risks. However, their assertion that this is the “last hurrah” for crypto’s venture-style returns remains speculative. While historical performance and current market dynamics support their optimism, future outcomes will depend on factors such as regulatory clarity, technological advancements, and macroeconomic conditions.

Source: [1] [Fund of funds plans raise for what it predicts will be the last big crypto boom] [https://fortune.com/2025/07/25/pure-crypto-fourth-fund-crypto-boom/]