The Pantera Bitcoin Fund, an investment fund managed by Pantera Capital, a leading cryptocurrency-focused investment firm, has achieved a staggering milestone, delivering a 1,000x return since inception. Founder Dan Morehead shared on social media platform X on Tuesday:

Pantera Bitcoin Fund recently achieved an insane milestone – 1,000x. The post-election surge has taken the fund a further 30% higher. The fund’s lifetime return is now 131,165%­ – net of fees and expenses.

This performance highlights bitcoin’s transformative potential as a financial asset. Launched during bitcoin’s price low in 2013, the fund took an early position, acquiring 2% of the global bitcoin supply.

Pantera Bitcoin Fund’s chart shared by Morehead.

In his latest “Blockchain Letter,” published Tuesday, Morehead explained his optimism about blockchain’s future, emphasizing its largely untapped potential. He wrote: “We’re still early. 95% of financial wealth has not addressed blockchain. They are just beginning this massive transformation now. When they do, bitcoin might be at something like $740,000 /BTC.”

The Pantera Capital founder pointed to recent regulatory clarity in the U.S. and institutional moves by firms like Blackrock as key to broadening access to bitcoin investments. While past performance does not guarantee future results, Morehead noted:

If the trend were to continue, bitcoin would hit $740,000 in April 2028. I think it will take a few years longer, but I do think there’s a decent chance of doing so.

He continued: “I wouldn’t bet my life on it, I’m not 100.00% sure blockchain assets will go up, but … the result ends up being way better than other assets one could invest in. The expected value of the trade is the most compelling I have seen in almost forty years of doing this.”

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