RATE Group | This Cryptocurrency Hedge Fund Has a Lifetime Return of 10,136%
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This Cryptocurrency Hedge Fund Has a Lifetime Return of 10,136%

30 Jul This Cryptocurrency Hedge Fund Has a Lifetime Return of 10,136%

Posted at 17:43h in Cryptocurrency News by

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Dan Morehead

Midway through 2013, when the bitcoin price was trading at $104, cryptocurrency hedge fund Pantera Capital published an investor letter that made what at the time seemed to be a moonshot prediction: The bitcoin price, the firm said, will one day hit $5,000.

Five years on, a $5,000 bitcoin price target is considered bearish, and Pantera’s bet has, to put it lightly, paid off handsomely.

Crypto Hedge Fund Pantera Capital Has a Lifetime Return of 10,000 Percent

Writing in the July edition of the firm’s monthly “Blockchain Letter,” Pantera founder and CEO Dan Morehead revealed that, even after the recent bear market, the cryptocurrency hedge fund now has a lifetime return of 10,136.15 percent net of fees and expenses — not bad for a fund that has only been operational for five years.

That’s not to say every cryptocurrency hedge fund has been quite so successful. Many, as CCN reported, opened up shop during the parabolic market rally that occurred during Q4 2017, only…

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