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236.2K views
I wanted to share the original logic for launching Pantera Bitcoin Fund in 2013 – as it is equally compelling to me today.
That first investment memo still reads well.
In 2013-15 we bought 2% of the world’s bitcoins.
Even after eleven years, bitcoin is **still** squeezing up
236.2K views
As we approach what appears to be the worst kept secret in blockchain, will the launch of a spot Bitcoin ETF be a “Buy the rumor, sell the news” event?
I share my long explanation in our newly-published Blockchain Letter here: https://t.co/JALsAubhKz
I'll summarize my thoughts
204.7K views
Pantera Bitcoin Fund recently achieved an insane milestone – 1,000x.
The post-election surge has taken the fund a further 30% higher. The Fund’s lifetime return is now 131,165% – net of fees and expenses.
My current outlook on #Bitcoin: https://t.co/0dS8GERNDB
32.1K views
Narratives being pumped out:
"If you can’t trust FTX who can you trust?”
"Blockchain is a failure."
These are missing the point.
FTX's collapse had nothing to do with blockchain tech. It’s not crypto that failed. The protocols worked perfectly.
Read: https://t.co/Ph0i9IuS9h
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🔥 Top post: Let me pitch a stablecoin idea: I invest $15 million in equity · 251.1K views
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I wanted to share the original logic for launching Pantera Bitcoin Fund in 2013 – as it is equally compelling to me today.
That first investment memo still reads well.
In 2013-15 we bought 2% of the world’s bitcoins.
Even after eleven y…
Pantera Bitcoin Fund recently achieved an insane milestone – 1,000x.
The post-election surge has taken the fund a further 30% higher. The Fund’s lifetime return is now 131,165% – net of fees and expenses.
My current outlook on #Bitcoin…
As we approach what appears to be the worst kept secret in blockchain, will the launch of a spot Bitcoin ETF be a “Buy the rumor, sell the news” event?
I share my long explanation in our newly-published Blockchain Letter here: https://t.c…
Narratives being pumped out:
"If you can’t trust FTX who can you trust?”
"Blockchain is a failure."
These are missing the point.
FTX's collapse had nothing to do with blockchain tech. It’s not crypto that failed. The protocols worked pe…
Governments should stop obsessing about Bitcoin and look inward.
The biggest Ponzi scheme is the U.S. government and mortgage bond market – $33 trillion.
Bond investors may get destroyed when the Fed stops manipulating the market.
Hedg…
On average, #bitcoin has more than tripled annually for eleven years.
There have been a couple bubbles, a couple bear markets, but when you look at it over a long period of time, it has remarkably stable growth.
https://t.co/1Egu3tPoA5
If I knew nothing about a disruptive new technology other than that China was trying to ban it – I’m buying.
Bitcoin’s four-year-on-year return is at the lower end of its historical return.
Again, doesn’t look overvalued.
We think we’ve seen the most of this panic.
More in our June investor letter: https://t.co/AOvhFyxBJh
For new investors, it’s best to buy when the market is well below trend. Now is one of those times.
#Bitcoin has only been this “cheap” relative to its trend 20.3% of the past 11 years.
More perspectives on market timing in our June inv…
Investors who sell on China “bans” usually end up bummed…
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