Pantera Capital Boasts Huge 10,000% Gains in 5 Year Crypto Investment
The crypto investment company Pantera Capital has reported its gains since it started and they were incredible 10,000%. The co-Chief Investment Officer, Dan Morehead, which acts as the CEO of the company, and Joey Krug, shared the numbers during the 5-year anniversary of the company.
By having a very bullish approach on Bitcoin, the company was able to get this major return on investment in this considerably short time since the launch. One of the main reasons the company has done so well is because it bought Bitcoin when it was being sold by only $104 a piece.
The investors already predicted that the price would surpass $5,000 USD soon as Bitcoin would be the first borderless payment system ever and three months later, it was already trading at $256 USD.
According to Morehead, Bitcoin is revolutionary and it looks like it is still a great time to buy Bitcoin as the price will still rise a lot in the future because it is the first global currency since gold and it is actually the only way to make borderless payments (alongside with other cryptos, of course, but Bitcoin dominates the market).
Pantera has, since its original launch, launched its own hedge fund and invested in blockchain startups with plans to continue to finance the blockchain disruption of the world of finances.
According to the company’s CEO, they have partners all over the world and they share the interest of other investors in the blockchain technology. Recently, the firm has invested in the shared economy startup Origin and in the “stablecoin” startup Basis.