Morgan Creek CEO is confident about the future of Ethereum


During a discussion on 7 September with Dan Roberts, Dion Rabouin and Rick Newman of Yahoo Finance, the managing director of the investment company Morgan Creek Capital Management, Mark W. Yusko, expressed his optimistic opinion on the future relevance of Ethereum.

During the debate about Ether's dramatic market downturn, fraudulent ICOs and Ether's recent collection of legitimate ERC-20 token projects, Yusko nevertheless maintained that Ethereum has a bright future ahead of him.

Morgan Creek's CEO elaborated his views by comparing the current situation at the dawn of the Internet:

People might say that his six years from now are going well, it's like the 1993 internet or the 1994 when Google had just been thought and nobody thought it was important, [19659005] According to Yusko, the next step for Ethereum is to build the TrustNet and that it has already been designed to do so. He went further, arguing that the Ethereum protocol, as regards the construction of the TrustNet, is very similar to the Internet TCP / IP, SMTP and HTTP protocols.

He also argued that the Ethereum protocols are loads of value, which makes ETH important and will probably be profitable for investors in the future. From his point of view, there is a fundamental difference between Ethereum and Bitcoin: Bitcoin explained, is an application that runs on the blockchain while "Ethereum is different, think of it as the World Wide Web of TrustNet."

When Dion Rabouin mentioned the negative view of Jordan Belfort's "Wolf of Wall Street" on the cryptocurrency space – Yusko, who is also president and chairman of the Hesburgh-Yusko Scholars Foundation's investment committee at the University of Notre Dame, seemed to maintain its optimistic approach – commenting:

The problem is [Jordan Belfort] he was talking about ICO, not Bitcoin (BTC) nor Ethereum (ETH) but he spoke of utility tokens, and some of the token of utility they were a scam. Wherever there is capital, bad people will present themselves.

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