TechFlow news, on November 26, cryptocurrency investment firm Pantera Capital announced that its Pantera Bitcoin Fund has risen over 1,000 times to date. The fund surged an additional 30% following the U.S. presidential election, achieving a lifetime return of 131,165% (net of fees and expenses).
Pantera Capital stated that when it launched the Bitcoin Fund in 2013, it was at the lowest point of the past eleven years, during which time it purchased 2% of all Bitcoin globally. Additionally, Pantera noted that currently 95% of financial wealth has yet to enter the blockchain space, and these institutions are only beginning this massive transformation. When this shift occurs, Bitcoin's price could reach $740,000.
Add to Favorites
Share to Social Media
