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Pantera Capital Reports Lifetime Return of More Than 10,000%
Major cryptocurrency investment firm, Pantera Capital, has reported a lifetime return of more than 10,000% on its fund. The company has announced the impressive return in celebration of its five-year anniversary.
Pantera Reports Fund has Generated 10,000% Return Over 5 Years
It has been reported that Pantera Capital has generated a more than 10,000% lifetime return since launching in 2013. Pantera has invested in a number of leading cryptocurrencies and distributed ledger technology companies, with its portfolio including Bitstamp, Polychain Capital, Korbit, 0x, and Zcash.
In an email sent to media, co-chief investment officer and chief executive officer, Dan Morehead, and co-chief investment officer, Joey Krug, have claimed that “the Fund’s lifetime return is 10,136.15% net of fees and expenses.”
Pantera Shares Emails From 2013
In the email, the chief investment officers included two additional emails dated from 2013, stating: “We wanted to share the original logic – as it is equally compelling today.”
The first email, composed when the price of BTC was just $104 USD, predicts that bitcoin will one day trade for $5,000, arguing that “bitcoin dominates cash, electronic fiat money, gold, bearer bonds, large stone discs, etc. It can do all of the things that each of those can. It’s the first global currency since gold. It’s the first borderless payment system ever.”
The second email, composed when BTC was trading for $253, likened investing in bitcoin to purchasing Microsoft shares early into the company’s existence. “In my opinion, it’s like deciding whether to buy Microsoft back in the day at $0.20 a share. It was hard to do when the stock was just at $0.10. In the fullness of time…clearly a great trade. I believe bitcoin right now is just like that. The world’s first global currency since gold and the world’s only borderless payments system (frictionless to boot) at a market cap of $3bn? Now that Silk Road is gone, a new wave of sophisticated investors are entering.”
Last month, Pantera announced that “The first Venture Fund III closing will be June 30th.” Mr. Morehead and Mr. Krug indicated that they will be traveling “over the next months to discuss VEnture Fund III and the blockchain disruption.”
What is your response to Pantera’s purported 10,000% return on the lifetime of its fund? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, Pantera Capital
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The post Pantera Capital Reports Lifetime Return of More Than 10,000% appeared first on Bitcoin News.
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