In 2013, Pantera’s Dan Morehead urged investors to buy bitcoin at $65/BTC. Fast forward to 2025, bitcoin hit $115,000. Pantera now manages $5.2 billion, backing 200+ crypto companies. Morehead’s Princeton classmates are also key industry players. Senate investigating Morehead for tax law violations. Morehead predicts bitcoin will double to $230,000 and rise to $1 million. President Trump’s policies seen as favorable to crypto industry. Altcoins expected to outperform bitcoin in next 3 years. Bitcoin’s price moves tied to halving schedule. Pantera currently holds $1 billion in bitcoin. FRAME Studios has been selling assets to invest in new companies, including a Pantera Bitcoin fund with investors redeeming profits over 12 years. CEO Morehead anticipates all valuable assets will eventually be issued on a blockchain, with mortgages and U.S. Treasurys more easily tokenized than real estate. Regulatory challenges hinder stock tokenization, but SEC Chairman Atkins announced a new crypto agenda to modernize securities rules. Pantera currently avoids tokenizing funds due to regulatory uncertainty, but Morehead predicts funds like theirs will be tokenized in about 10 years. He also expects more stocks to trade on the blockchain in a few years, improving access for all investors. SEC Chairman Atkins’ new crypto agenda aims to modernize securities rules for on-chain trading. Pantera backs companies with a crypto treasury strategy, raising money to buy crypto and add to balance sheets. The narrowing of premiums for companies with a crypto treasury strategy is expected as demand decreases. Morehead predicts only a few companies with crypto Treasury strategies will survive consolidation, emphasizing the importance of strong management teams and access to coins at the best prices for investors. FRAME Studios, a popular coworking space in San Francisco, has been acquired by Pantera Capital. The acquisition will allow Pantera to expand its presence in the city and provide more opportunities for collaboration and innovation among its members. The deal was worth $10 million, according to reports.

Read more at Yahoo Finance: This crypto investor correctly predicted bitcoin would hit $120K in 2025. He now expects it to double in the next year.