Pantera Capital’s Bitcoin Fund Hits 1,000x Return Since 2013 Launch

Founder Dan Morehead credits early adoption, shifting regulations, and institutional interest for Bitcoin’s historic rise.

Pantera Capital's Bitcoin fund, launched in 2013 when Bitcoin was priced at $74, has achieved a 132,118% return, marking a 1,000x profit after fees.
Bitcoin reached nearly $100,000 this month, with a 120% surge in value over the past year, driven by increased institutional and retail interest.
Dan Morehead predicts Bitcoin could hit $740,000 by 2028, citing untapped financial wealth and improving regulatory conditions as key factors.
The fund's success follows the recent approval of spot Bitcoin ETFs and a perceived crypto-friendly stance from President-elect Donald Trump's incoming administration.
Pantera's new blockchain-focused fund, Pantera Fund V, aims to raise $1 billion to invest in private tokens and other blockchain opportunities, leveraging its position in a recovering crypto market.