Pantera Bitcoin Fund Has Risen More Than 1,000 Times So Far

Cryptocurrency investor Pantera Capital has posted that its Pantera Bitcoin Fund, which it launched, has risen over 1,000 times so far. The aftermath of the US presidential election has sent the fund up a further 30 per cent, and the fund now has a lifetime return of 131,165 per cent - net of fees and expenses.The day Pantera Capital chose to launch the Pantera Bitcoin Fund was actually the lowest point in the last eleven years.In 2013, the Pantera purchased 2% of the world's bitcoins. Additionally Pantera states that 95% of financial wealth is not involved in blockchain. These institutions are just now beginning this huge shift. When they do, the bitcoin price could hit $740,000.