Bitcoin’s Future? Pantera Capital Celebrates 1,000x Fund Growth, Forecasts $740K

Pantera Capital’s Bitcoin Fund has hit an incredible 1,000x return since its launch in 2013, with its lifetime return now reaching 131,165%.

Founded by Dan Morehead, the fund took an early position in Bitcoin, acquiring 2% of the global supply during a market low. Morehead forecasts Bitcoin could reach $740,000 by 2028 as more institutional investors, like BlackRock, enter the market, spurred by recent regulatory clarity in the U.S.

While cautious about future performance, he believes blockchain’s untapped potential makes Bitcoin a highly compelling investment

Clever Robot News Desk 28^th November 2024