Recently, the bitcoin fund Pantera Capital marked an important milestone: its returns exceeded 1,000x, representing an incredible 131,165% net profit over the entire period of operation. In this regard, the founder of the fund, Dan Morehead, published a blockchain letter. The CEO of Pantera Capital believes that bitcoin is still far from its maximum value and is still in the early stages of its development. Regulatory easing and mass adoption could push BTC to new heights.
Pantera Capital Forecast
- Thanks to the implementation of transparent rules in the blockchain industry and support from major institutions such as BlackRock and Fidelity, a significant portion of financial assets could be redirected to bitcoin. Currently, only 5% of global financial wealth is related to cryptocurrencies.
- Since the launch of the fund in 2013, the average annual growth rate of bitcoin’s value has been 88%. This indicates the long-term potential of the asset, even considering the volatility.
- If the growth dynamics continue, bitcoin could reach $740,000 by 2028. This corresponds to a capitalization of $15 trillion, which is realistic given the total volume of financial assets in the world, exceeding $500 trillion.
Factors that will influence the growth of bitcoin:
- Ease of access for investors. Tools for working with cryptocurrencies are becoming accessible to anyone who has a brokerage account.
- Political support from Donald Trump. The elected President of the USA will continue to promote cryptocurrencies, providing an additional impulse for the industry.
- Market trust. With the development of technologies and the stabilization of the regulatory environment, more institutional players will enter the market.
It should be noted that some analysts predict bitcoin will be at $100 thousand this year. And at VanEck, they do not rule out that the value of bitcoin (BTC) may reach $180 thousand by the beginning of 2025.
Source: Pantera Capital
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