Key Takeaways
- Pantera Capital predicts Bitcoin could hit $740,000 by 2028.
- Pantera's Bitcoin Fund achieved a 1,000x return since 2013.
- Recent metrics suggest long-term investor confidence in Bitcoin.
Pantera Capital projects Bitcoin will reach $740,000 by April 2028, marking a bold prediction for the cryptocurrency.
This forecast comes as the firm celebrates a milestone with its Bitcoin Fund, achieving a 1,000x return since its inception in 2013.
The fund’s lifetime net return now stands at 131,165%, demonstrating Pantera’s early and profitable commitment to Bitcoin.
Pantera’s Bitcoin fund
When Pantera’s Bitcoin Fund launched, Bitcoin was priced at $74, and the fund acquired 2% of the global supply.
Since then, Bitcoin has reached $99,000, marking a 120% rise this year alone.
Despite a recent 6% dip linked to weaker US investor demand, Pantera remains optimistic about the asset’s long-term trajectory.
Pantera’s CEO
In a statement, Pantera CEO Dan Morehead emphasized Bitcoin’s revolutionary role, saying:
Bitcoin dominates cash, electronic fiat money, gold, bearer bonds, large stone discs, etc. It’s the first global currency since gold and the first borderless payment system ever.
Pantera previously projected Bitcoin could reach $117,000 by 2025, underscoring its bullish stance.
