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Morgan Creek makes a bet: “Facebook will develop the most used platform in the crypto world”
Morgan Creek makes a bet: “Facebook will develop the most used platform in the crypto world”
Crypto

Morgan Creek makes a bet: “Facebook will develop the most used platform in the crypto world”

By Stefania Stimolo - 7 Dec 2018

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Anthony Pompliano, founder and partner of Morgan Creek Digital, tweeted that he expects Facebook to enter the crypto world and develop a platform that will become the most used in the sector, as has already happened for the social network founded by Mark Zuckerberg.

facebook platform crypto

According to Cheddar magazine, in a report published last May, Facebook would be interested in creating a platform with its own native token to help the masses start using cryptocurrencies, without the control of banks and governments.

Pompliano’s tweet was born as a response to Mike Dudas, founder of The Block, who questioned the specific role or purpose of future employees of the world’s leading social network:

https://twitter.com/mdudas/status/1070495232825929729

At the moment, there are no official communications from the social giant related to the crypto field. This summer however, there were some rumours suggesting a collaboration between Facebook and Stellar, but as reported by Cheddar, the Facebook team officially denied these rumours.

A period of bets

After the Facebook forecast, Pompliano spoke of an additional bet, nicknamed the Buffett Bet 2.0.

Morgan Creek, following the past example of the bet made by Warren Buffett, has decided to bet a million dollars against the S&P 500 and in favour of the ten-year performance of cryptocurrencies, inviting any investor who believes that the S&P 500 will produce better returns than the pool of cryptocurrencies in a decade, to take the other side of the bet.

 

Stefania Stimolo
Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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