Crypto will generate more wealth than the internet, says Morgan Creek Capital CEO

Cryptocurrency

By laying the foundations of the internet of value, cryptocurrency and blockchain will generate more wealth than Web 1 and Web 2, said CEO of Morgan Creek Capital, Mark Yusko, in an exclusive interview with Cointelegraph. 

“We haven’t even gotten to the parabolic growth part of Web 3, which is going to create untold wealth”,, stated Yusko.

In his career as a hedge fund manager, Yusko profited from investing in early internet technologies. He embraced cryptocurrency in 2017 after realizing their potential to power the internet of value: a new iteration of the internet that will allow users to exchange value directly bypassing financial intermediaries. 

In comparison to the previous iterations of the internet, which revolutionized the spheres of commerce and media, the”trust net”, as Yusko calls it, will generate an exponentially larger amount of wealth. 

“Financial services is far bigger than information, and media, and commerce”, he pointed out. 

However, Yusko is convinced that before entering a phase of parabolic growth, the crypto industry will need to overcome the opposition of traditional financial actors and possibly face another major correction. 

“The incumbents really don’t want the disruptors to win, so they will fight really hard. They’ll throw up regulatory barriers, they’ll try to buy up the companies and shell of the technology”, he said. 

Watch the full interview on our YouTube channel and don’t forget to subscribe!

Products You May Like

Articles You May Like

SEC Commissioner: True Decentralized Projects Pose a Challenge to Crypto Regulation
A Fresh Face Fits Right Into An Established Toronto Enclave
Is The Housing Market In A Bubble? 3 Reasons Why The Answer Is No
Exploring Santa Fe’s Museum Hill—Contemporary Comforts In America’s Oldest City
Lull in trading, lack of new issues hold market steady

Leave a Reply

Your email address will not be published. Required fields are marked *