Morgan Creek Bets $1M that Cryptos will Outperform the S&P 500
The crypto market is the newest yet the most volatile industry currently. The recent plunges brought all cryptos to their lowest levels in approximately 13 months. Bitcoin had its worst month in the past seven years shedding off nearly 35% in November 2018. Amidst the entire decline, a cryptocurrency asset manager Morgan Creek bet that this market will outperform the S&P 500 in ten years.
Morgan Creek Digital is mimicking the investment strategy of Warren Buffett, the most notable crypto critic.
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