Mark Yusko, CEO of crypto hedge fund Morgan Creek Capital says that the Wolf of Wall Street “doesn’t understand crypto.”
CNBC played a clip of the infamous Jordan Belfort during a segment on their Power Lunch program, which shows how the Wolf of Wall Street talking about how there’s “no good reason” why crypto should exist other than to be a scam in order to profit from.
Yusko pointed out that the technology behind the concept is the key. He talks about how Bitcoin is the most secure network and the “largest computer network on the planet,” which puts it as over 7,000 times more powerful than the most powerful supercomputer on Earth. You can see the segment here as Yusko goes over some of the basic details about BTC and clears up some confusion about those who dub it a “scam” simply because of ignorance:
His company just launched a crypto fund for institutional investors which features 10 coins, including Bitcoin.
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