In 2013, Pantera Fund purchased 2% of Bitcoin globally, which was like buying gold in 1000 BC. Now, in 2024, Bitcoin's total market value has reached an incredible height compared to that year. Don't rush, the story behind this is not just a simple investment myth but a victory of long-term faith and patience.
Over the past eleven years, Bitcoin's average annual compound growth rate has reached an astonishing 88%, and the Pantera Fund achieved a total return of over 131,165% (after fees and expenses). What is behind this achievement?
It is a firm belief in the future of blockchain, and the determination to persist in purchasing Bitcoin in a market that was almost ignored. That belief is the gradual acceptance of Bitcoin by the global financial system and the process of global wealth moving from 'unexplored' to 'gradually explored.'
As an investor once disdainfully said in 2013: 'Isn't this just gold?' No, Bitcoin is like gold, but it has existed since 1000 BC. At that time, 99% of global financial wealth had not ventured into Bitcoin. Now, this figure has only dropped to 95%. The catalyst for change has emerged—the U.S. regulatory landscape is becoming clearer, and large institutions like BlackRock and Fidelity are providing convenient Bitcoin investment channels for millions of investors.
In other words, a new chapter is just beginning. This time, Bitcoin could break through $740,000 or even more.
Don't get me wrong, this is not a blind optimistic declaration, but an opportunity with highly asymmetric returns. As the founder of Pantera said back then: 'I wouldn't bet all my wealth here, but if you multiply the possibilities by potential returns, the result is much better than other assets.'
Although Bitcoin has experienced three orders of magnitude growth, there is still greater potential for the future. Especially in 2024, we welcome the first pro-blockchain U.S. president, and the 15-year regulatory headwind for the blockchain industry has finally turned into a tailwind. In this new era, more financial giants are set to embrace Bitcoin, and the dream of inclusive finance is gradually being realized.
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We are still in the early stages. Like gold, Bitcoin is the first global currency since gold and the first borderless payment system in history. Its journey continues.
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The above content is for information sharing only and does not constitute any investment advice! Investment carries risks; please proceed with caution!
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