Pantera Capital, a digital asset-focused investment firm, announced a significant four-digit return from its Bitcoin 
$96,374 fund launched in 2013.
Fund Performance
Dan Morehead, CEO of Pantera Capital, noted in the latest Blockchain Letter that the Pantera Bitcoin Fund has recently reached an extraordinary milestone—1,000x returns. He indicated that Bitcoin is on track to reach astronomical values with its growing acceptance. Morehead also mentioned that the election of pro-crypto Donald Trump has contributed to this situation in the United States.
Regulation and Institutional Interest
Morehead stated that only about 5% of the world’s assets are currently invested in Bitcoin, predicting that regulatory clarity in the U.S. will increase this percentage. “Regulatory clarity in the U.S. has been a catalyst for change. Major institutional managers like BlackRock and Fidelity are now providing affordable and effective access,” he remarked.
He expressed that broader acceptance could lead to an increase of over 687% from Bitcoin’s current value. In other words, Bitcoin could reach levels of $740,000 per BTC. In a recent interview on CNBC’s Squawk Box program, Morehead no longer suggested the possibility of Bitcoin falling to zero.
“Currently, 50 million people in the U.S. and 300 million globally own Bitcoin. Firms like BlackRock and Fidelity are selling. Bitcoin has truly reached escape velocity,” he added.
As of the article’s writing, Bitcoin is trading at $93,931, marking an increase of over 152% for the year. For those looking to invest in Bitcoin, the increase in regulatory clarity and institutional interest may present significant market opportunities.
