PANTERA BITCOIN FUND HITS 1,000X

Summary from the TLDR Crypto newsletter

Pantera's Bitcoin Fund has returned 1,000x since its inception in 2013 at Bitcoin's then-price of $65. The firm maintains its bullish opinion, citing only 5% current institutional adoption, and projects a potential BTC price of $740,000 by 2028 driven by regulatory clarity and ETF approvals. The fund, which initially purchased 2% of all Bitcoin during 2013-2015, has maintained an 88% compound annual growth rate over its eleven-year history.