Company specializing in the management of cryptocurrency investments, Morgan Creek Digital has put $1 million on that over the next 10 years, the market capitalization of cryptocurrencies will outpace S&P 500 index.
The company said that its bet not imply the whole cryptocurrency market, as the index Fund, including BTC, ETH, BCH, EOS, LTC, XMR, ZEC, DASH, IOTA, and NEM. To take part in the bet can be anyone; a point of reference appointed on 1 January 2019.
According to company founder Anthony Pompliano (Anthony Pompliano), Morgan Creek expects Digital counter bids from “candidates, desperately believing in the shares, or pending the reduction of the market scriptactive”. In the course of correspondence with the correspondent pompliano CoinDesk, said that his company is confident in the positive dynamics of the value of cryptocurrency; at least compared to a public stock:
“Crypto-currencies already came forward in the last 10 years, and we believe that over the next decade, this will not change.”
He added that the forecast for Morgan Creek “is not based alone on past performance”. In his blog, Pompliano gave a similar prediction about bitcoin, focusing on the role of the fundamental characteristics (the number of active wallets and nodes in the network) in the process of growth of the cryptocurrency as an asset class. Analysts at Morgan Creek Digital hold the same position in relation to the industry as a whole.
Despite confidence in the future of cryptocurrency and BTC in particular, Morgan Creek Digital believes that by the beginning of next trend change bitcoin will lose about 85% of the cost relative to the historical maximum. This Pompliano said in a recent interview with CNBC.
