Bold Bitcoin Price Prediction From Top Investment Firm

Pantera Capital has made a bold prediction, estimating that Bitcoin could reach $740,000 by April 2028.

The firm also shared that its Bitcoin Fund has delivered an extraordinary 1,000x return, with a lifetime performance surge of 131,165%, after accounting for all fees and expenses.

Launched in 2013, Pantera’s Bitcoin Fund was one of the earliest U.S. investment vehicles to offer exposure to Bitcoin when the cryptocurrency was priced at just $74. At that time, the firm seized the opportunity to acquire 2% of the total Bitcoin supply. With Bitcoin’s recent surge to $99,000, Pantera’s original investment has now multiplied by over 1,000 times.

In a statement, Pantera Capital’s Dan Morehead explained that Bitcoin outshines traditional assets like cash, gold, and bearer bonds, positioning itself as the first truly global and borderless currency since gold. Morehead emphasized Bitcoin’s ability to fulfill roles that other forms of money have served, making it a pivotal development in the financial landscape.

READ MORE:

Is Bitcoin’s $100,000 Target Still Within Reach?

Looking ahead, Pantera Capital previously projected Bitcoin could hit $117,000 by 2025, but with the new forecast for 2028, they are clearly maintaining an optimistic outlook. Beyond Bitcoin, Pantera is diversifying its portfolio through Pantera Fund V, which is exploring investments in blockchain assets, including private tokens and opportunities from entities like FTX’s estate, with a particular interest in locked Solana tokens. Additionally, the firm raised funds earlier in the year to increase its holdings in Toncoin.

Alexander Stefanov