Altcoin

Morgan Creek CEO envisioning bright future outlook for Ethereum

Morgan Creek

The second largest crypto major – Ethereum has got tremendous comments from Dion Rabouin and Rick Newman, the CEO of investment firm Morgan Creek Capital Management and Mark W. Yusko saying that they have envisioned the Ethereum with the optimize views as per the valid report published on Yahoo Finance as on 7th September.

Even though the recent Ether’s dramatic market slashed with fraudulent ICOs by organizing ERC-20 token projects, Yusko, however, claiming the future of Ethereum is the bright one. While analyzing the current scenario Morgan Creek CEO said that “People might say it’s six years from now well, It’s like 1993 or 1994 internet when Google was just being thought off, and nobody thought it was important.”

Further speaking to the matter, Yusko recommended with the next step to create TurstNet for Ethereum. By elaborating more on the subject matter, he further said that “Ethereum’s protocol pertaining to designing TrustNet is quite similar the way other protocols sprawling like TCP/IP, HTTP, SMTP, etc.”

While arguing on technical aspects, Yusko said that Ethereum’s protocols are laden with a value that creates ETH such that it becomes profitable for investors in the days to come. Further, he said “there is one fundamental difference between Ethereum and Bitcoin: Bitcoin is an application that runs on the blockchain whereas “Ethereum is different, think of it as the World Wide Web of the TrustNet.”

Based on the voracious comment given by Dion Rabouin saying “Wolf of Wall Street” and Jordan Belfort’s negative approach on the cryptocurrency space, Yusko (who holds is Chairmanship of the Investment Committee of the Hesburgh) claimed against both of them saying “The problem is [Jordan Belfort] was talking about ICO’s, not Bitcoin (BTC) neither Ethereum (ETH) but he was talking about utility tokens, and some of the utility tokens were a scam. Anywhere where there’s capital, bad people are going to show up.”

About the author

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Shalin Soni

Shalin joined CryptoNewsZ as Associate Finance (Cryptocurrency Research & Analysis) in 2018 and has 10 years of collective experience to work on financial modeling and financial planning & analysis activities (fp&a) domains. He has worked with various organizations in India and added values by leveraging his skills and expertise. He has strong domain expertise in research & analysis, valuation, and fp&a. He has worked with various organizations in India and added values by leveraging his skills and expertise. He has strong domain expertise in research & analysis, valuation, and fp&a.
You can also mail him at [email protected] to discuss anything related to his reports.

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