PANews reported on November 26 that Pantera Capital's Bitcoin Fund has achieved a return rate of more than 1,000 times since its establishment in 2013, with a cumulative yield of 131,165%. This milestone achievement reflects its forward-looking strategy for Bitcoin investment.
Fund manager Dan Morehead reviewed the background of the fund's initial establishment, mentioning that the team purchased 2% of the world's Bitcoin when the price of Bitcoin was at its low point in 2013. He said that Bitcoin's long-term growth potential is still huge. Although only 5% of global financial wealth is involved in blockchain assets, this proportion is expected to increase significantly as US regulations become clearer and institutional investors enter the market.
Morehead predicts that Bitcoin could reach a market value of $740,000 per coin in the next few years, and expects the long-term growth of the blockchain industry to continue to bring rich returns to investors. He also emphasized that although the road to investing in Bitcoin is full of twists and turns, its potential asymmetric returns make it one of the most attractive investment opportunities in the past 40 years.
