Welcome to the end of the week and another edition of Happy Hour! Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of money.
$1 Billion Bracket
The single biggest office pool event just got more interesting. I’m not talking about the Superbowl. Though, that’s probably a close second. No, it’s March Madness. And it’s all thanks to Warren Buffett.
He teamed up with Quicken Loans to offer a $1 Billion Bracket Challenge. That’s billion with a “B”. Nine zero’s! Actually, Quicken is promoting the contest. Buffett, through Berkshire, is insuring it. Knowing Buffett, I’m sure the odds are in his favor.
All you have to do is pick every game right. That’s no small feat. But a nice payday if you get lucky. The winner will get the option of taking a lump sum or having payments of $25 million a year over 40 years. And don’t forget, bragging rights to the best bracket ever.
At the moment, Bitcoin is heading toward one of two destinations: acceptance or fad. The big price run up gave it the press needed to make a name for itself. People know about it now. Whether they continue to care is the question.
Marc Andreessen wrote an op-ed covering the potential opportunities of this technology. It’s worth the read.
For now, Bitcoin isn’t even in the 1st inning yet. They’re announcing the starting lineup, but the weather is acting up. They might call off the game or play on. We don’t know. It’ll be interesting to see what happens.
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Thanks to Clever Dude for sharing.