Morgan Creek Digital Is Betting $1 Million That Crypto Can Beat the S&P 500

Morgan Creek Digital, an institutional manager focused on cryptocurrencies and digital assets, wants to bet $1 million that such assets will outperform the S&P 500 during the next 10 years.

The asset manager is challenging any professional investor or firm that believes cryptocurrencies are “worthless” or that public equities are a better bet to prove their belief with a long-term bet against the Digital Asset Index Fund, a crypto index fund managed by Bitwise Asset Management.

The bet will be structured like the famous Warren Buffett bet, which began in 2008 when the billionaire investor wagered $1 million that investing in a S&P 500 index fund would see a greater result than investing in hedge funds.

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