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.
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Comments 2
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Anonymous
Aug 29, 2018Jordan is not a dumb guy. He may not be an expert on crypto but what he was saying is be believes the privately owned central banks will fight it and win.
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Howard Levy
Aug 29, 2018Why is what Jordan Belfort says in any way relevant? Is it just because he was convicted of stock fraud the reason his opinions are newsworthy? I’m confused – by publishing what he says are you indicating a thief has insights on this new technology the rest of us don’t? Please enlighten me.
Leave A Comment
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Comments 2
Anonymous
Aug 29, 2018Jordan is not a dumb guy. He may not be an expert on crypto but what he was saying is be believes the privately owned central banks will fight it and win.
Howard Levy
Aug 29, 2018Why is what Jordan Belfort says in any way relevant? Is it just because he was convicted of stock fraud the reason his opinions are newsworthy? I’m confused – by publishing what he says are you indicating a thief has insights on this new technology the rest of us don’t? Please enlighten me.