Pantera Bitcoin Fund, an investment fund managed by Pantera Capital, a leading investment firm specializing in cryptocurrency, has achieved an incredible milestone with returns of up to 1,000 times since its inception.
Founder Dan Morehead shared on social media platform X on Tuesday:
"The Pantera Bitcoin Fund has recently achieved a crazy milestone – 1,000 times. The post-election boom helped the fund increase by 30%. The fund's lifetime return is now 131,165% – after deducting fees and expenses."
This performance highlights the transformative potential of Bitcoin as a financial asset. Launched at a time when Bitcoin prices were low in 2013, the fund took an early position, buying 2% of the total global Bitcoin supply.
Source: Pantera Capital
In his latest 'Blockchain Letter' published on Tuesday, Morehead explained his optimism about the future of blockchain, emphasizing the still largely untapped potential.
He writes:
"We are still very early. 95% of financial assets have yet to access blockchain. They are just starting this major transformation right now. As they do so, BTC price could rise to around $740,000 per BTC."
The founder of Pantera Capital points out that recent regulatory clarity in the United States and moves from institutions like BlackRock are key factors in expanding access to Bitcoin investments.
Although past performance does not guarantee future results, Morehead noted:
"If this trend continues, Bitcoin could reach $740,000 by April 2028. I think it will take a few more years, but I believe there is a good chance of that happening."
He continues:
"I wouldn't bet my life on this; I'm not 100% sure that blockchain assets will increase, but... the ultimate outcome will be much better than other types of assets people can invest in.
The expected value of this trade is the most attractive thing I have seen in nearly forty years working in this field."
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