Pantera Capital Crypto Funds Grow 500% And 300% In 2020

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Investment firm Pantera Capital closed 2020 with huge profits.

Pantera's ICO fund is up 500% in 2020.The company's bitcoin fund is up 299%. 

In his address, Pantera CEO Dan Moreheadsuggested that this bull run is different from the 2017 rally. He drew the attention of readers to the fact that this time the attention of investors is mostly focused only on BTC and ETH.

Speculative and ineffective tokens are no longerrepresent half of all market capitalization as in 2017. Today's market depends on two proven and functional blockchains: Bitcoin and Ethereum. These two networks have collected 86% of all money. The rest accounts for 14%.

It's no wonder that the company is optimistic about the future of Bitcoin.This week, Morehead once again confirmed his prediction that Bitcoin will reach$115,000 by the summer of this year.

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