First crypto hedge fund Pantera Capital predicts Bitcoin $67,500 by 2019 end

Bitcoin price will hover around $67,500 by the end of 2019, according to Pantera Capital Management, the leading US-based blockchain investment firm.

In a blog post marking Pantera Bitcoin Fund's fifth anniversary, Pantera Capital revealed that Pantera Bitcoin Fund had generated a 10,136 % (net of fees and expenses) return over the past five years.

The company says bitcoin's growth, based on its price history since July 2010, was consistent and exponential. If the historical trendline is taken as a guide, the projected price of Bitcoin is at $21,000 by 2018 end, and will be at $67,500 by 2019 end.