Financial reports or statements released by Pantera Capital

Pantera Bitcoin Fund Hits 1,000x Returns, Predicts $740,000 Bitcoin by 2028

Nov 26, 2024, 03:54 PM

Pantera Bitcoin Fund, managed by Pantera Capital, has recently achieved a significant milestone with its returns reaching 1,000 times the initial investment. The fund's lifetime return now stands at an impressive 131,165% after accounting for fees and expenses. This surge in performance is attributed to a post-election market boost, with the fund gaining an additional 30% in value. Pantera Capital, which purchased 2% of the world's Bitcoin supply between 2013 and 2015, anticipates Bitcoin reaching $740,000 by April 2028. CEO Dan Morehead has expressed a bullish outlook, suggesting Bitcoin has reached 'escape velocity' and could potentially achieve a $15 trillion market cap, a figure he believes is 'doable.'