Pantera Capital, one of the biggest crypto investment firms, has announced that over the first years since it began operations it has netted well over 10000% from crypto. TO commemorate their 5th anniversary the CEO of Pantera also released emails from within the company revealing the constant bullish expectations the company held.
“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.”
Dan Morehead – CEO Pantera Capital
Individual investors in crypto and blockchain technology have also been given a ray of light as currently bitcoin markets are slowly transitioning on leaving a extended period of bearish movements behind. Becoming one of the greatest success stories in recent times, Pantera has allowed others to earn from its success, investing profits and further funds into the likes of Origin and startup, Basis.
To conclude, Pantera Capital has reported that it has raked in well over 10,000% in profit from crypto investments alone. In the 5 years since its inception, the founders of the investment firm have remained particularly bullish with regards to the future of crypto such as bitcoin. Citing the new era which has been ushered in with the international regulation of crypto, Morehead believes that institutional money which will flow in, will bring the fuel required for the next market movements.