Buffett Bet 2.0
The fund tracks ten major cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, although the bulk (78%) is Bitcoin. Morgan Creek is so sure of their success, that the partners are putting up the stake themselves.
The wager has been dubbed ‘Buffett Bet 2.0’, after a similar bet made by Warren Buffett, that the S&P500 would outperform a selection of hedge funds over a ten year period. Buffett won that bet, collecting his prize just last year.
Morgan Creek partner, Anthony Pompliano, says the plan is to donate the proceeds to charity, win or lose.
Attention crypto critics….time to put skin in the game :)
Morgan Creek Digital believes the Digital Asset Index Fund will outperform 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