The director of the institution wants to bet a million dollars that Bitcoin and nine other crypto-coins will outperform the S & P 500

Morgan Creek Digital, an institutional manager specializing in cryptomedia and digital badets, wants to bet $ 1 million that such badets will surpbad the S & P 500 index (composite index five hundred shares listed on US stock exchanges). ) over the next 10 years.

The badet manager challenges any investor or professional firm who believes that crypto-coins are "useless" or that public actions constitute a better bet to prove their belief that it is safe to use. is a long term bet. the Digital Asset Index Fund, a crypto derivative fund managed by Bitwise Asset Management.

The bet will be structured as the famous Warren Buffett bet that began in 2008, when the billionaire investor bet $ 1 million to invest in a S & P 500 index fund would have a better result than that of Invest in hedge funds.

Morgan Creek Digital now bets that an index fund containing bitcoin, ethereum, bitcoin cash, EOS, litecoin, monero, zcash, dash, iota and NEM will outperform the S & P 500 in In an email, Anthony Pompliano, founder and partner Morgan Creek Digital, told CoinDesk that the company was confident about the performance of crypto-coins in the next 10 years, at least compared to public actions.

"He has outperformed in the last 10 years and we think it will not change in the next 10 years," he added.

Pompliano cited an article describing how the fundamentals of bitcoin would support its growth as an badet clbad, noting that, although the message specifically mentions bitcoin, his team has similar views on cryptographic space in his outfit.

These fundamental principles include the fact that the number of portfolios and

"The likely candidate [a aceitar a aposta] will firmly believe in public actions or will be very pessimistic about crypto-coins," said Pompliano.

The bet will start on January 1, 2019 and end in 2029 – in case an investor accepts the Morgan Creek proposal.

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