Crypto Fund Makes Buffett-Style Bet Digital Coins to Beat Stocks
- Morgan Creek says S&P 500 will underperform crypto over decade
- If wrong, it will pay $1 million to whoever takes on wager
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Warren Buffett is the unlikely inspiration for a cryptocurrency fund seeking to disprove the sector’s critics.
Morgan Creek Digital is challenging investors who say cryptocurrencies are worthless, or that equities are a better investment, to take the other side of a wager: that the largest digital coins will outperform the S&P 500 Index over the next decade.