There is a big problem in this bet.
Although it is almost sure bet, where do you bet?
Crypto-currencies are about to get out of the beginning phase and start the early adopter phase. (there is a chasm here that eats many technologies) But, once its crossed this chasm, than adoption will encompassing moving all the money in the world.
At the same time, the S&P 500 are made up of two types of companies.
Those that are going to crash, burn and die
and those that are going to be the govern-cements of the next decades.
Basically companies that handle govern-cement infrastructure are going to take over for the govern-cements. Just because they will be that much more powerful.
BigPharma is about to fall over and die. It will soon be shown that what they are doing is hurting, killing and keeping people sick for profit. After that point, money will flee the sector, while obese patients use up more and more resources.
BigAg is about to die. As they have destroyed the farmlands and all the waterways around them. Along with the ice-age food production per acre is going to drop precipitously. Add in the economic troubles and Monsanto becoming public enemy #1, and this industry is going to collapse.
So, this is a sure bet.
But, which coins will make it through the next 10 years?
All of the coins will be drastically different.
And what will automic swaps do? Will it make most coins ubiquitous?
Good points in there. Though, for the bet it looks like he is just talking about his specific basket of crypto assets outperforming the S&P 500. Interesting to see if any big names take him up.