In an unprecedented achievement, the Pantera Bitcoin Fund, founded by investment firm Pantera Capital, has achieved a return of 131.165% after expenses and fees, demonstrating the impressive potential of bitcoin as a financial asset.
Pantera Bitcoin Fund began its journey in July 2013, at a time when the price of bitcoin was below $100, Blockchain-letter/1000x-pantera-bitcoin-fund/” target=”_blank” rel=”noreferrer noopener”>notes Dan Moreheadfounder of the company.
“The day we chose to launch the Pantera Bitcoin Fund was literally the lowest day in the last eleven years,” Morehead recalled, highlighting the calculated risk they took in starting the project in an emerging and volatile market.
In just two years, the company managed to acquire 2% of the bitcoin available in the world.
With this strategic approach, Pantera offered its investors a unique opportunity, which consists of giving them access to bitcoin without having to deal with the technical complexities associated with purchasing, storage and security.
First purchase of Pantera Bitcoin Fund in 2013. Source: Pantera Capital.
The Trump effect and the new regulatory landscape
According to Morehead, one of the most influential events in the fund’s recent growth has been the election of Donald Trump as president of the United States, who has shown a favorable stance towards bitcoin and cryptocurrencies, as reported by CriptoNoticias.
Among its proposals stands out the creation of an advisory board to design clear and beneficial regulatory guidance for the industry, along with the possible implementation of what has been called the Bitcoin Strategic Reserve (SBR).
“The post-election surge has seen the fund increase by 30% more,” Morehead said.
With a pro-bitcoin government and large institutional managers, as is the case of BlackRockwhich manages the largest bitcoin fund in the world, and Fidelity, which offers economical and efficient access to the market through the ETFs spot bitcoin, millions of individual investors will be able to participate in this growing asset class.
Bitcoin future predictions
Last week, bitcoin almost reached the long-awaited figure of $100,000, leaving its all-time high at $99,300. On the current day it is located at $93,400, as can be seen in the following chart. TradingView.
BTC price. Source: TradingView.
According to Morehead, the growth of bitcoin is unstoppable. With 95% of the world’s financial wealth still outside the Cryptocurrency industry, The opportunity for expansion is immense..
“When that massive transformation occurs, the price of bitcoin could be around $740,000 per BTC,” he said.
If the compound annual growth rate of 88% is maintained, this figure could be reached by April 2028, although Morehead estimates it could take a little longer.
If achieved, the market capitalization of bitcoin would rise to 15 trillion dollars, a figure that, although astonishing, is not inconceivable compared to the 500 trillion dollars in global financial assets, he highlights.
There is still opportunity to enter the market
The success of the Pantera Bitcoin Fund is not only measured in returns, but also in its impact on the perception of bitcoin as a serious investment.
Morehead warns against the “it’s too late to enter the market” mentality, remembering that bitcoin has maintained constant growth since its launch.
“I wouldn’t bet my life on bitcoin continuing to rise, but the expected value of this trade is the most compelling I’ve seen in almost 40 years.”
Dan Morehead, founder of Pantera Capital.
With the combination of regulatory advances, the support of large institutions and a more favorable US government, The outlook for bitcoin and cryptocurrencies looks more promising than ever.
Pantera Bitcoin Fund, with its history and results, is positioned as a reference for those seeking to capitalize on this phenomenon. And, although future figures are uncertain, one thing is clear, the bitcoin revolution is far from over.
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
