Pantera Bitcoin Fund Surpasses 1,000x Returns, Now Returning 131,165%

Cryptocurrency investor Pantera Capital has posted that its Pantera Bitcoin Fund has risen over 1,000 times so far. The surge following the US presidential election has seen the fund rise by a further 30 per cent, and the fund now has a lifetime return of 131,165 per cent (after fees and expenses).

Pantera Capital says it bought 2% of the world's bitcoin when it launched its bitcoin fund in 2013. Additionally, Pantera notes that 95% of current financial wealth is not yet in the blockchain space, and that these organisations are just beginning this massive shift. When this shift occurs, the price of Bitcoin could reach $740,000.