Anthony Pompliano offered a million-dollar bet that Bitcoin would outperform any other asset over ten years. No one took it, even after Bitcoin crashed from $20,000 to $3,200 in 2017. He compares the stunt to Warren Buffett's S&P 500 bet and says modern finance influencers use social platforms to amplify these kinds of narratives.
We issued a million-dollar bet to anyone on Wall Street and we were like, we'll take Bitcoin, you take any other asset, like just pick anything over the next 10 years. If you beat us, you get a million bucks. If Bitcoin outperforms, we get a million bucks. And no one took it. Bitcoin had gone from $1,000 to $20,000 in 2017. It crashed down to like $3,200. And I went on national television. I was like, basically, you guys are idiots. This thing is going to come flying back. We're buying. Also, they could have perfectly hedged that if they just bought Bitcoin in addition to making the bet, right? So like, yeah, I like to think we issued the bet before the smart people started paying attention or somebody would have figured out how to definitely on. Were you inspired by the Warren Buffett million-dollar S&P 500 bet? Of course. Like, Warren Buffett was the original finance influencer. I've joked a million times that if he was today, Buffett in his 30s, he'd have a Substack, a Twitter account, a podcast. He'd be streaming on TikTok, like, doing all this stuff. He understood how to leverage the tools he had at the time with the media. He didn't need to do it, but a way to really continue to drive, like, the lore of Warren Buffett is, like, issue the bet and say no hedge fund manager can beat the S&P over, like, a decade or
