Pantera founder: Pantera Bitcoin Fund has achieved a compound annual growth rate of 89% over the past 11 years

Dan Morehead, founder of Pantera Capital, revealed in a recent interview that the Pantera Bitcoin Fund has achieved an annual compound growth rate of 89% over the past 11 years, which means that it doubles every year on average. Dan Morehead said that in any ordinary asset class, if an asset doubles in a year, you really shouldn't buy it, because it may indicate an overvaluation, but Bitcoin is different. However, there is a very important investment principle here: your investment amount should be controlled within a range that will not affect the stability of your family even if you lose 85%.