Pantera Capital Bitcoin Fund: $740,000 Forecast by 2028

Pantera Capital predicts that Bitcoin will hit $740,000 by April 2028. The firm recently announced a milestone for its Bitcoin fund, which achieved an impressive 1,000x return.

The fund's lifetime performance is now 131,165% net of all fees and expenses.

In the year Launched in 2013, the Pantera Bitcoin Fund was one of the first investment vehicles in the US to offer exposure to Bitcoin. At that time, Bitcoin was selling for $74. The firm capitalized on this and received 2% of the global Bitcoin supply.

However, BTC reached the $99,000 mark earlier this month, which means that the return on Pantera's initial 2013 investment has increased more than a thousand times.

“Bitcoin dominates cash, electronic fiat money, gold, bond bonds, large stone discs, etc. Each one can do what they can. It is the world's first currency after gold. It is the first borderless payment system,” Pantera Capital's Dan Morehead wrote in a recent statement.

Pantera Capital had previously predicted that the price of Bitcoin would reach $117,000 by 2025.

Meanwhile, Pantera is exploring new crypto avenues outside of Bitcoin. The company's new venture, Pantera Fund V, aims to invest its portfolio in blockchain assets.

The fund has been looking at private tokens and opportunities such as locked-in Solana tokens from the FTX estate. Pantera raised funds earlier in June to expand its holdings in Toncoin.

Bitcoin face correction after month-long rally

Despite hitting record highs in November, Bitcoin's price has fallen 6 percent over the past few days. Weak interest among US investors contributed to this decline, as indicated by the Coinbase Premium Index.

At the same time, the Bitcoin ETF has seen fluctuations in demand. In the year On November 25, ETFs recorded inflows of $438.38 million after five consecutive days of inflows totaling $3.5 billion.

Although Bitcoin's realized profit decreased from $10.58 million to $1.58 million on Monday, this decrease in selling pressure may indicate a place for future price growth.

Moreover, the average holding period of Bitcoin increased by 65% ​​last week, which reinforces the strong confidence and positive attitude among investors.

While the market remains volatile, Pantera's long-term forecast reflects confidence in Bitcoin's growth potential as the leading cryptocurrency continues to attract institutional interest.