Ethereum [ETH] has a bright future; says the CEO of Morgan Creek Capital

On September 8, Yahoo Finance's Dion Rabouin, Rick Newman, Dan Roberts, and Mark Yusko, CEO of Morgan Creek Capital Management, talked about the descending slope of Ethereum [ETH] on the market. The price of ETH was more or less close to most of the altcoins in 2018.

Dan stated that many Icos were fraudulent or fraudulent and those Icos who were not a scam were quick to cash in on their ETH.

Mark Yusko was asked about such cases and if it was bad news for Ethereum's blockchain platform. He said the Internet created opportunities in 1996 and allowed the digitalization of commerce. The next step would be the creation of the TrustNet and the ETH was a protocol designed to create the TrustNet, which could start in 2024. He added:

"People could say that its six years from now, it's like 1993 or 1994 when Google had just been thought and nobody thought it was important "

Mark also spoke about Internet protocols such as TCP / IP, HTTP and SMTP. These protocols have allowed the world to create smartphones and other technologies.

He also added that Ethereum is just like another protocol that will help people in creating the TrustNet. The difference between the Internet and TrustNet was that on the Internet, the developers of the protocol, Tim Berner Lee, the creator of TCP / IP was not a rich guy, but application developers like Zuckerberg and Sergei were the ones who made all the money, he said

Mark also explained that the protocols have more value, thus making Ethereum very important and profitable in the future. According to him, the difference between Bitcoin and Ethereum is that Bitcoin is an application on the blockchain that is the most powerful supercomputer and also the most secure network in the world. On the other hand, "Ethereum is different thinks of it as the TrustNet World Wide Web".

Dion Rabouin spoke of Jordan Belfort's comments on how Bitcoin was a scam and claimed that Jordan was not a believer in the cryptocurrency space. Jordan also claimed to be a scammer and, for him, the cryptocurrency space was a complete scam.

To this, Mark said:

"The problem is that he was talking about Ico, not Bitcoin or Ethereum but he was talking about utility tokens and some of the utility tokens were a scam. , bad people will present themselves "

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Ajay Narayan is a full-time journalist at AMBCrypto. He graduated in Economics, Political Science and Sociology. His interests are inclined to write and invest in cryptocurrencies.