The investment company Pantera Capital predicts Bitcoin price in the next two years. The company also shared data on its income for the past five years, according to her blog.
The cryptocurrency investment firm Pantera Capital reported that in the five years since the company was founded, its total profit amounted to more than 10 000%.
It’s no surprise that CEO of Pantera Capital Dan Morehead and co-chief investment officer Joey Krug still remain optimistic about Bitcoin price. They stated that company’s “lifetime return is 10,136.15% net of fees and expenses.”
Bitcoin Price Prediction by Pantera Capital in 2013
In its blog, the fund reminds that on August 21, 2013, when Bitcoin price was at $ 104.48, Dan Morehead, the founder of the fund, wrote in a letter to investors that Bitcoin is similar to gold and that it will necessarily grow in price.
“I believe bitcoin will explode through $200 within the next 6–8 weeks.
I was discussing bitcoin with an investor yesterday and he replied somewhat dismissively “It’s just like buying gold”. No, it’s like buying gold in 1000 B.C. 99% of the financial wealth has yet to address bitcoin. When they do, bitcoin is either going to be worth zero or $5,000 /BTC”.
Three months later, when Bitcoin price reached $253, Morehead wrote:
“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?”
Pantera Capital Predicts Bitcoin Price $67500 In 2019
In December 2017, when Bitcoin price reached $ 20,000, Pantera Capital CEO said that the value of the cryptocurrency would be half lower, but then its price would start to rise again. In April, he said that bitcoin would grow again to $ 20,000, and the entire year 2019 will stay above this level. In early June, Morehead announced that Bitcoin price had reached a minimum.
In its last post in Medium blog, Pantera Capital predicts Bitcoin price would reach $67500 by the end of 2019 and according to historical trend line as a guide Bitcoin price will be at around $21,000 by the end of 2018.
Pantera Capital, which has since launched its own hedge fund for investment in blockchain startups, plans to “discuss the Venture Fund III and the blockchain disruption” within the next few months.”