Billed as the first bitcoin investment fund, Pantera Capital’s fund is five years old this month. The investment firm is reporting significant returns and predictions come true.
Dan Morehead, Pantera Capital CEO, predicted Bitcoin’s success in 2013:
I was discussing bitcoin with an investor yesterday and he replied somewhat dismissively ‘It’s just like buying gold.’ No, it’s like buying gold in 1000 B.C. 99% of the financial wealth has yet to address bitcoin.
Morehead believes the logic is still true. His predictions were made when Bitcoin 00 had a spot price of $ 100 and a market capitalization of $ 3 billion.