Pantera Capital Bitcoin Fund: $740,000 Prediction by 2028
Pantera Capital predicts that Bitcoin may reach $740,000 by April 2028. The company recently announced a milestone for its Bitcoin Fund, which has achieved a staggering 1,000x return.
The fund’s lifetime performance, after all fees and expenses, is currently 131,165%.
Pantera’s Bitcoin Fund, launched in 2013, was one of the first investment vehicles in the United States to offer Bitcoin investments. At the time, the price of Bitcoin was $74. The company used this to acquire 2% of the global Bitcoin supply.
However, BTC hit the $99,000 mark earlier this month, meaning Pantera’s return The current value exceeds 1,000% of the initial investment in 2013.
“Bitcoin dominates cash, electronic fiat currency, gold, bearer bonds, large stone disks, etc. It can do all of these things. It is the first global currency since gold. It is the first ever Borderless payment systems,” Pantera Capital’s Dan Morehead wrote in a new report. statement.
Pantera Capital previously expected Bitcoin price will reach $117,000 by 2025.
Meanwhile, Pantera has been exploring New ways to encrypt Beyond Bitcoin. The company’s new venture, Pantera Fund V, aims to diversify its portfolio by investing in blockchain assets.
The fund is always looking for private tokens and opportunities such as lock-in Solana Tokens from FTX Legacy. Pantera also raised funding in early June Expands its holdings in Toncoin.
Bitcoin faces correction after month-long rally
Although Bitcoin hit an all-time high in November, the price of Bitcoin has fallen by 6% in the past few days. Weak demand from U.S. investors The reasons for this decline are highlighted by the Coinbase Premium Index.
at the same time, Bitcoin ETF Saw fluctuations in demand. On November 25, the ETF recorded a net outflow of $438.38 million after five consecutive days of inflows totaling $3.5 billion.
Although Bitcoin realizes profit decline The decrease in selling pressure, down from $10.58 million on Monday, could signal room for future price gains.
Furthermore, on average Bitcoin holding time The 65% increase over the past week shows stronger investor confidence and reinforces the positive outlook.
While the market remains volatile, Pantera’s long-term forecast reflects confidence in Bitcoin’s growth potential as the leading cryptocurrency continues to attract institutional interest.
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