Dan Morehead, the founder of Pantera Capital, revealed in a recent interview that the annual compound growth rate of Pantera’s Bitcoin fund has reached 89% over the past 11 years, meaning it doubles on average every year. Morehead stated that in any ordinary asset category, if an asset doubles in value within a year, you should not 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 your family’s stability even if you lose 85%.