RATE Group | Ethereum [ETH] has a bright future; says CEO of Morgan Creek Capital
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Ethereum [ETH] has a bright future; says CEO of Morgan Creek Capital

09 Sep Ethereum [ETH] has a bright future; says CEO of Morgan Creek Capital

Posted at 09:24h in Ethereum News by

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On 8th September, Yahoo Finance’s Dion Rabouin, Rick Newman, Dan Roberts, and Mark Yusko, CEO Morgan Creek Capital Managment spoke about Ethereum [ETH]’s downward slope in the market. The price of ETH has been down the most or at least close to most of all the altcoins in 2018.

Dan stated that many ICOs were either fraudulent or a scam and those ICOs which were not a scam have also rushed to cash out their ETH.

Mark Yusko was asked about such instances and whether it was bad news for the Ethereum blockchain platform. He said that the internet created opportunities in 1996 and allowed the digitization of commerce. The next step would be building up the TrustNet and ETH was a protocol designed to create the TrustNet, which could start in 2024. He added:

“People might say its six years from now well, It’s like 1993 or 1994 internet when Google was just being thought off and nobody thought it was important”

Mark also spoke about the internet protocols like…

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