Pantera Capital’s Bitcoin (BTC) Fund has reached an impressive milestone, achieving a 1000x return since its inception. In its recent blockchain letter, the firm announced that the fund’s total return is 131,165% after subtracting fees and expenses.
Pantera Capital Bitcoin Fund Portfolio
Notably, this achievement came after the fund’s value increased by 30% due to the recent U.S. presidential election. Undoubtedly, the election brought back hope for enhanced regulations in the cryptocurrency markets.
The Pantera Bitcoin Fund was established in 2013. It ranked as an earlier vehicle for large investors and wealthy individuals to invest in Bitcoin.
The fund became successful because Bitcoin has grown over the last eleven years. The coin has changed from a niche investment to a widely recognized financial asset.
Dan Morehead, CEO of Pantera Capital, credited the company’s achievement to its early belief in Bitcoin and the increasing use of cryptocurrencies worldwide.
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