According to the statements of the cryptocurrency investment company Pantera Capital, it has got a 10000% of the investment profits for 5 years of its existence.
Managers of investment Joey Krug and Dan Morehead, the acting chief Executive officer, shared this good news on the company's fifth birthday.
It is noteworthy that Morehead and Krug still believe in the great future of Bitcoin, and to confirm their forecasts refer to two emails, written back in 2013. In them Morehead predicted that Bitcoin, the value of which at the time was 104 dollars, will increase to 5 thousand: "It dominates over cash and electronic Fiat money, bearer bonds, gold and so on, while performing the same functions. Bitcoin is the first global currency since the emergence of gold. In other words, it is the first payment system that does not have any framework in history."
Three months later, the value of Bitcoin rose to 253 dollars, wich forced Morehead to recall again the fundamental principles of investing in cryptocurrencies. "The purchase of cryptocurrencies is the same as the purchase of Microsoft shares at a price of 0.2 dollars. For today Bitcoin provides this opportunity. Since the Silk Road platform, where illegal goods were traded, was closed, a lot of experienced investors will come to the market," wrote Morehead in 2013.
Later Pantera Capital has launched its own hedge Fund to invest in different blockchain startups. The current plans of the company include a discussion of the third venture Fund and a further development of the blockchain.
Pantera Capital is an investor of such projects as Basis (the startup Creator of Stablecoin) and Origin (startup on the economy of collaborative consumption).