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

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:

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
Laureata in Marketing e Comunicazione, Stefania è un’esploratrice di opportunità innovative. Partendo come Sales Assistant per e-commerce, nel 2016 inizia ad appassionarsi al mondo digitale autonomamente, inizialmente in ambito Network Marketing dove conosce e si appassiona dell’ideale di Bitcoin e tecnologia Blockchain diventandone una divulgatrice come copywriter e traduttrice per progetti ICO e blog, ed organizzando corsi conoscitivi.