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Pantera Capital’s Bitcoin Fund has recently achieved an impressive milestone, with a lifetime return surpassing 131,000% net of fees and expenses. This surge comes as Bitcoin’s price nears $100,000 following the U.S. elections. 
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 Pantera Capital’s Bitcoin Fund Hits 131,000%
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In a recent <a href="https://panteracapital.com/blockchain-letter/1000x-pantera-bitcoin-fund/" target="_blank" rel="noreferrer noopener nofollow">post</a>, Pantera Capital’s CEO, Dan Morehead, recalled a 2013 email where he forecasted Bitcoin’s meteoric rise when the cryptocurrency was valued at just $65.&nbsp; 
According to the email, Morehead intended to personally purchase 30,000 bitcoins while the cryptocurrency’s market capitalization was about $740 million. Given the market’s limited size at the time, he stated that between 2013 and 2015, the fund purchased 2% of all bitcoins in existence. 
Morehead likened purchasing Bitcoin to buying gold in 1000 B.C., suggesting that back then, 99% of global wealth hadn’t yet adopted Bitcoin. Now, with institutional giants like BlackRock and Fidelity providing affordable access to Bitcoin via brokerage accounts, he believes that only 95% of financial wealth has yet to fully invested. 
The CEO added that the key factor driving this decline has “just occurred: regulatory clarity in the United States,” coupled with major institutional players like BlackRock, Fidelity, and others now providing affordable and efficient access to Bitcoin for anyone with a brokerage account. 
With regulatory clarity now taking hold in the U.S., Morehead predicts Bitcoin’s price will rise to $740,000 per coin by April 2028. This would push Bitcoin’s market capitalization to $15 trillion, a figure he deems realistic given the $500 trillion in global financial assets. 
Pantera Capital’s confident outlook underscores the growing institutional adoption of Bitcoin and the potential for further substantial price growth in the coming years. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/11/28/russia-pushes-crypto-tax-reform-amid-bitcoin-surge/" target="_blank" rel="noreferrer noopener">Russia Pushes Crypto Tax Reform Amid Bitcoin Surge</a> 
</blockquote>

Pantera Capital’s Bitcoin Fund Hits 131,000% Return Milestone

The Crypto Times

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