Pantera capital, one of the pioneer investment firms to solely focus on crypto and the blockchain sector, just marked their 5 years of operation in an interesting fashion. Amid the pomp and color witnessed at the fifth-anniversary festivities, a Bitcoin price forecast was given, where the firms CEO predicted that the price of Bitcoin would reach the 21,000 mark by the end of this year and 67,500 by the end of next year. He also announced a 10,000% return on their five-year crypto fund. The predictions given by Pantera’s CEO, Dan Morehead, may not seem like far-off stretches to some owing to the success of Pantera over the last half a decade, despite the hits and shocks the crypto market has faced recently.
Pantera CEO, Dan Morehead’s predictions are given more credence by the fact that he accurately predicted a crypto price surge 5 years ago. Back in August 2013, when the price per BTC was 104 dollars, Dan predicted that the price would double soon enough. In November of the same year, Bitcoin prices stood at 253 dollars per BTC. This represented not only a correct market forecast but also increased Bitcoin trading volumes, which rose four times compared to July of the same year. This shows that Dan Morehead’s predictions are not to be taken lightly and are also the basis of Pantera’s steady success.
Pantera has been involved in some interesting investments one of them being a project called, Basis, which aims to create an algorithmic stable coin. Pantera has also backed other interesting ventures such as ox, Augur, Abra, Ripple and OmiseGO which have all gone on to record amazing successes in the crypto space. Pantera capital has been bullish on Bitcoin since the ancestor of all crypto-currencies came onto the scene in 2009. The bosses at Pantera capital, Dan Morehead and Joey Krug are so bullish on Bitcoin that they compared it to early Microsoft stocks which went on to blow creating a lot of wealthy investors.
Pantera capital’s bullish nature explains the bold 21,000 dollars by the end of 2018 and 67,500 dollars by the end of 2019 Bitcoin price predictions. These predictions correlate with previous assessments given by the firm’s CEO who stated that the introduction of custodial solutions targeting institutional investors would lead to a rapid rise in Bitcoin prices. If the predicted surge in prices materializes, Pantera capital would stand to make astronomical gains just like they have done in the past. Pantera capital’s investment portfolio will also gain a lot of value at a fast rate if the anticipated mass adoption is realized. One of the projects in Pantera’s portfolio which will gain a lot is Brave, a browser project based on the blockchain which is currently being considered by Coinbase for listing.
I am a crypto enthusiast based in Nairobi Kenya, who loves investing, research writing, reading, fitness, African food, and soccer.
Latest posts by Kelvin (see all)
- People will Soon be able to Buy Bitcoin in US Grocery Stores thanks to Partnership between Coime and Coinstar - January 21, 2019
- Japan’s SBI invests $15 million in Swiss wallet startup, Tangem - January 21, 2019
- Two Seniour Executives of South Korean Crypto Exchange, Komid, jailed for Faking Trade Volumes - January 21, 2019