As per the folks over at Pantera Capital Management, a US-based blockchain investment firm, the value of Bitcoin [BTC] is all set to soar to a staggering $67,500 by the end of next year.
However, what is truly impressive is the fact that as part of Pantera Bitcoin Fund’s fifth-year anniversary, the company revealed that their BTC Fund had generated an overall return of 10,136.15% (net of fees and expenses) over the past five years.
More about the company
Founded in 2013, Pantera is currently headed by a former trader and hedge fund manager, Dan Morehead. As things stand, the firm currently possesses over $700 million in AUM (assets under management) across two venture funds and four cryptocurrency funds. The company is based out of San Francisco and over the past couple of years has turned into a premier destination for cryptocurrency enthusiasts looking to get a piece of the ongoing market action.
Judging by the company’s performance solely on the basis of its return numbers, it is now clear that BTC and other similar alt currencies are here to stay. If things continue to look like this for Pantera Capital moving forward, the company can only expect to move up and up the economic ladder in the near future.
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