PANews reported on November 26 that the Bitcoin fund under Pantera Capital has achieved over 1,000 times return since its establishment in 2013, with a cumulative return rate of 131,165%. This milestone reflects its forward-looking strategy in Bitcoin investment.
Fund manager Dan Morehead reviewed the background of the fund's inception, mentioning that the team purchased 2% of the world's Bitcoin at the price low in 2013. He stated that the long-term growth potential of Bitcoin remains significant, and although currently only 5% of global financial wealth is involved in blockchain assets, this proportion is expected to increase significantly with clearer U.S. regulations and the entry of institutional investors.
Morehead predicts that Bitcoin could reach a market value level of $740,000 per coin in the coming years, and expects the long-term growth of the blockchain industry to continue to bring substantial returns to investors. He also emphasized that although the path to investing in Bitcoin is fraught with challenges, its potential asymmetrical returns make it one of the most attractive investment opportunities in the past 40 years.
