Pantera Capital's Bitcoin Fund, launched in 2013 when Bitcoin was valued at $74, has achieved a lifetime return of over 1,300x, marking a significant milestone for the unleveraged financial product. The fund's compound annual growth rate stands at 88%, with a total return of 131,165% net of fees. Dan Morehead, Pantera Capital's CEO, predicts Bitcoin could reach $740,000 by April 2028, citing historical growth trends, a favorable political environment under a pro-crypto U.S. administration, and confidence in the prediction. Morehead also highlighted Bitcoin's 'escape velocity,' supported by increasing institutional backing from entities like BlackRock and Fidelity, and the growing adoption among 50 million U.S. holders and 300 million global users. Pantera Capital envisions a $15 trillion Bitcoin market cap within the next decade, reflecting optimism about the cryptocurrency's long-term potential. Currently, only 5% of global wealth is allocated to blockchain assets, indicating significant room for growth.