Nouriel Roubini invited to bet against the “Buffet Bet 2.0” by Anthony Pompliano
The latest buzz in the cryptocurrency eco-system in the first week of December is the wager made by the Morgan Creek Digital’s Anthony Pompliano aka Pomp, and the tragedy that has befallen the crypto-verse as Bitcoin plunges, testing new lows.
Nouriel Roubini was invited to bet against the performance of cryptocurrencies and S&P 500 index in a 10-year period by Anthony Pompliano.
The wager by Pomp is a page out of American business and investor magnate, Warren Buffet’s playbook. Buffet bet a brobdingnagian $1 million that the S&P, an index fund, would outperform five actively managed hedge funds. Buffet won that bet in 2017 and proceeded to donate his winnings to a charity.
Anthony Pompliano did the same thing but instead, bet that cryptocurrencies, in a span of 10 years, would outperform index funds, S&P 500. The bet, now being called as the “Buffet Bet 2.0”, invites any investor who believes otherwise to get on the other side of the bet.
Nouriel Roubini aka Dr. Doom of the…
Read Full Story : AMBCrypto