Pantera founder: Pantera Bitcoin Fund's annual compound growth rate reaches 89% over the past 11 years

On December 26, Pantera Capital founder Dan Morehead revealed in a recent interview that the Pantera Bitcoin Fund has achieved an annual compound growth rate of 89% over the past 11 years, meaning it doubles on average every year. Dan Morehead stated that in any ordinary asset class, if an asset doubles within a year, you really shouldn't buy it because this may indicate overvaluation, but Bitcoin is different. However, there is a very important investment principle here: your investment amount should be controlled within a range that even if you lose 85%, it will not affect family stability.