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This Hedge Fund Now Has a 1,000x Profit on Bitcoin

Dan Morehead's Pantera Capital Management was one of the first funds to get into bitcoin (BTC) back in July 2013.

Dan Morehead, CEO of Pantera Capital, told his team in 2013 that bitcoin would "squeeze up like a watermelon seed.” (Getty Images)
Dan Morehead, CEO of Pantera Capital, told his team in 2013 that bitcoin would "squeeze up like a watermelon seed.” (Getty Images)