Deep Tide TechFlow news, on November 26, cryptocurrency investment firm Pantera Capital announced that its launched Pantera Bitcoin Fund has increased by more than 1000 times to date. The surge after the U.S. presidential election further boosted the fund by 30%, and the fund's lifetime return rate is currently 131,165% (after fees and expenses).
Pantera Capital stated that when it launched the Bitcoin fund in 2013, it was at the lowest point in the past eleven years, and it purchased 2% of the world's Bitcoin. Additionally, Pantera pointed out that currently 95% of financial wealth has not yet entered the blockchain space, and these institutions are just beginning this massive transformation. When this transformation occurs, the price of Bitcoin could reach $740,000.
