The CEO of Pantera Capital once said of bitcoin:
“We believe the digital currency is at an inflection point, making it the right time for a transition to more institutional management.”
Based in San Francisco, Pantera Capital is the unmatched global leader in blockchain investments.
The firm is always on the lookout for blockchain startups with an endeavor to acquire new startups that match their needs.
It is accurate to say that Pantera Capital has played a bigger role toward the mainstreaming of both blockchain and digital currencies, more than any other investment firm.
With its large pool of investments into particularly bitcoin exchanges, Pantera Capital may very well be the largest institutional owner of digital wealth.
Pantera Capital was founded in 2003 by Dan Morehead.
Dan has a degree in Civil Engineering from Princeton University.
He started his career at Goldman Sachs as a securities trader, next he went into derivatives trading in Japan, worked at Deutsche Bank in London, and was head of macro trading at Tiger management before he quit and started his company.
Initially, Pantera Capital had a wide-ranging asset portfolio, and was involved in high-risk macro investments that were not particularly rewarding, or rather, not worth the risk.
In 2014, Pantera Capital spotted a gap in the cryptocurrencies sector i.e. the market was virtually a goldmine and no investment firms had taken notice yet, and so, Pantera Capital decided to do business exclusively with blockchain-centric startups.
Since then, Pantera Capital has acquired several dozens of startups, among them:
12. 21 Inc
Pantera Capital has a big financial muscle considering its shareholders include; Benchmark, Fortress Investment Group, and Ribbit Capital.
According to the CEO, Dan Morehead, Pantera Capital has been a key catalyst for widespread blockchain adoption, and he envisions that in the near future, blockchain will saturate the global economy.