Wolf of Wall Street Lacks Basic Understanding of Crypto and the Bitcoin Network, Says Morgan Creek Capital CEO
The CEO of crypto hedge fund Morgan Creek Capital says the Wolf of Wall Street doesn’t understand crypto.
During a segment on Power Lunch, CNBC played a clip of the infamous penny-stock trader Jordan Belfort, aka the Wolf of Wall Street, saying there’s “no good reason” why crypto should exist, other than as a scheme to make money. Morgan Creek CEO Mark Yusko didn’t miss a beat, pointing out that the technology behind crypto is the key. He calls Bitcoin the most secure network and the largest computer network on the planet – 7,500x more powerful than the next, most powerful supercomputer.