In 2007, the head of Berkshire Hathaway and the legendary investor Warren Buffett put $ 1 million to the fact that the stock index S & P 500 surpasses the dynamics of a group of five hedge funds over 10 years. Now the venture capital firm Morgan Creek has decided to put the same amount on the fact that cryptocurrencies will surpass the S & P 500 over the same period.
Attention crypto critics …. time to put skin in the game 🙂
The S & P 500 over the next 10 years.
$ 1,000,000 on the line.
Who will take the other side ?? https://t.co/10sQt2o2Ce
– Pomp ? (@APompliano) December 6, 2018
“It's time to put the skin on the line, critics of cryptocurrency. Who agrees to accept the betting? ” , Asked the co-founder of the company, Anthony Pompiano.
Thus, the dynamics of cryptocurrency in the future will be traced by the Digital Asset Index Fund.
Earlier Pompiano said that the bear market throws out "tourists" from the game, leaving only true entrepreneurs capable of creating sustainable value.
Recall that in November 2018, Bitcoin showed the worst dynamics over the past seven years.
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