Investment company
Pantera Capital, working with cryptocurrency, reported a profitability of more than
10'000% obtained within five from the beginning of its work.
In an email, company employees
Dan Morehead (who is also the CEO) and Joe Krug shared the data, marking the fifth anniversary of the Fund. Not surprisingly, they hold a bullish sentiment about bitcoin, especially in the years since the launch of Pantera, noting that"over the life of the Fund, customers'profits amounted to 10' 136.15% less fees and expenses."
Mr. da Morehead and Krug also included two letters in the new client list that the Foundation sent in 2013 to illustrate how things went in retrospect.
"We wanted to share the logic, so it remains important today," wrote Morehead and Circle. An email sent by Morehead to customers in 2013 predicted that bitcoin, which was trading at $ 104 at the time of sending, would rise to $ 5,000.
As a justification for the forecast, the CEO of Pantera Capital in 2013 pointed out the following reasons:
"bitcoin dominates over money, electronic money, gold, bearer bonds, large stone disks and other things. It can do all of what each of these assets can do. This is the first global currency since the appearance of gold. This is the first payment system without borders".Three months later, bitcoin was trading for $253 and Morehead again made a newsletter, indicating:
"In my opinion, this is similar to deciding whether to buy Microsoft at $ 0.20 per share. It was difficult to make a choice when the shares were valued at only $ 0.10. For some time, this choice would lead to a clearly profitable trade. I believe bitcoin is doing the same way right now. This is the first world currency in the world since the creation of gold and the only system of payments without borders with a market capitalization of $3 billion. Now that Silk Road is no longer working, the market will come a new wave of investors."Pantera, which has since launched its own hedge Fund to invest in blockchain startups, now plans to start developing a new direction of its activities "within the next months to discuss Venture Fund III". Company representatives write:
"We have organized group meetings in many cities if you want to meet other investors who share your interest in blockchain."Some of the latest investments of the company include the joint use of the opportunities of a startup and its Origin stablon.
Link to the source of information (Russian) -
https://altstake.io/news/10000-pantera-raskryvaet-dohodnosty-klientov-za-5-let