Pantera Capital’s Bitcoin (BTC) Fund has reached an impressive milestone, achieving a 1000x return since its inception. In its recent blockchain letter, the firm announced that the fund’s total return is 131,165% after subtracting fees and expenses.
Pantera Capital Bitcoin Fund Portfolio
Notably, this achievement came after the fund’s value increased by 30% due to the recent U.S. presidential election. Undoubtedly, the election brought back hope for enhanced regulations in the cryptocurrency markets.
The Pantera Bitcoin Fund was established in 2013. It ranked as an earlier vehicle for large investors and wealthy individuals to invest in Bitcoin.
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The fund became successful because Bitcoin has grown over the last eleven years. The coin has changed from a niche investment to a widely recognized financial asset.
Dan Morehead, CEO of Pantera Capital, credited the company’s achievement to its early belief in Bitcoin and the increasing use of cryptocurrencies worldwide.
The 1000x milestone highlights the profitable opportunities of being an early adopter of blockchain technologies. However, it also shows the risks and instability inherent in this sector.
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Pantera Capital is optimistic about Bitcoin and the overall cryptocurrency market. Dan believes Bitcoin could reach $740,000 by 2028, making its market value $15 trillion.
This figure is realistic considering over $500 trillion in global financial assets. He also pointed out that the involvement of large companies like BlackRock and Fidelity is crucial for driving the next wave of Bitcoin adoption.
Moreover, the firm is growing its investment portfolio by focusing on new blockchain technologies and innovations in Decentralized Finance (DeFi).
Ongoing Bitcoin Sell-offs
According to the on-chain financial data platform GlassNode, the selling pressure of Bitcoin Long-Term Holders has increased lately.
Notably, the selloffs have topped approximately 366,000 BTC in November 2024. This massive sell-off marks the highest recorded since April 2024.
These BTC sales show a substantial shift in market dynamics. Historically, long-term holders remain likely to retain their assets through market fluctuations, contributing to the overall stability of Bitcoin’s price.
Glassnode noted that the recent selling activity came from investors who started holding Bitcoin within 6 to 12 months. Notably, these investors are selling at a rate of 25,600 BTC per day, fueled by the market conditions.
Meanwhile, these holders are short-term LTHs who bought BTC at a lower price, about $57,900.
Bitcoin price slumped by 1.29% in the last 24 hours to $92183. This reflects the market’s reaction to the increased selling pressure. However, BTC has remained at 4.3% and 42.8% in the past week and month, respectively.
BTC Price Historical Data Suggests $173K-$461K by 2025
Analysts believe that Bitcoin’s short-term vertical move has made the cryptocurrency a long-term opportunity.
Recently, popular cryptocurrency analyst Ali Martinez shared a forecast. He said Bitcoin could reach a new high between $173,779 and $461,862 by October 2025.
Martinez based the forecast on the four-year Bitcoin halving cycles. Bitcoin pricing has previously followed these cycles with an unprecedented rally.
The Bitcoin monthly chart also substantiates Martinez’s assertion that previous cycles of Bitcoins have been exponential.
Additionally, market watchers believe that if more institutional investors embrace spot Bitcoin ETFs, the coin’s fortunes might change forever.
As seen previously, any bullish trend in Bitcoin might reshape sentiment in the coin, even on Google search.
