NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Fund Manager Defends Crypto, Finds It Nonsensical That Investors Would Trust Jordan Belfort

Cole Petersen
Cole Petersen
6 years ago
2 mins read
Belfort

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Mark Yusko, the chief investment officer at Morgan Creek Capital Partners, who manages over $1.5 billion in assets, fired back at crypto skeptics who have deemed Bitcoin and cryptocurrencies as a scam, including Jordan Belfort.

Yusko’s investment firm recently launched a Digital Asset Index Fund following their partnership with Bitwise, a fund management company that offers a suite of cryptocurrency products, including indexes and now index funds. Because of his involvement in the cryptocurrency industry, it is no surprise that he finds Belfort, and other cryptocurrency skeptics, to be gravely mistaken.

While speaking to Yahoo Finance, Yusko said that funds and retail investors should have some cryptocurrency in their investment portfolio, and not having it puts them at risk of losing out on the growth of next big market.

Yusko said:

“Every investor should be considering an allocation to digital assets right now. It’s like 1993, 1994 [in regard to] the internet, when Google was just being thought of and no one thought it was very important.”

Crypto Skeptics Emboldened by Price Down Cycle

It comes as no surprise that Yusko is bullish on the cryptocurrency market due to his heavy involvement in the industry, but his views on the market are directly conflicting with those of other “experts” in the investment field.

One notable cryptocurrency foe is Jordan Belfort, the notorious penny stock scammer who pled guilty to investors out of hundreds of millions of dollars. He has long been against cryptocurrencies, but first crystalized his views earlier this week, when he said that Bitcoin and cryptocurrencies will “disappear.”

“This thing [Bitcoin] is going to evaporate like a mirage. There’s a lot of really honest people who are going to get slaughtered,” Belfort said. He also added that when it does go bust, it will be the “bust heard around the world.”

Belfort was first convicted of defrauding investors in 1999, when investigators found that he had been convincing investors to pour money into worthless stocks, artificially inflating their prices while he sold his positions for massive profits. The result of his actions was the destruction of 34 small companies and the loss of hundreds of millions of dollars of investor’s funds

Belfort fancies himself as an expert of scams due to his experience, but Yusko expressed that he finds it odd why people would give the convicted scammer’s opinion consideration, saying that, “The fact that people look at him and say, ‘He’s a bad guy and he did bad things, so I should trust him,’ is nonsensical. Absolutely nonsensical.”

Importantly, governments are beginning to understand the importance and potential impacts of the cryptocurrency markets, with the U.S. Treasury recommending a sandbox regulatory environment in their fintech report. Short of every world government banning the use and ownership of cryptocurrencies, it is incredibly unlikely that it will simply “go bust” as Belfort claims.

Although many fund managers, including the likes of Mark Yusko and Michael Arrington, a partner at Arrington XRP Capital, a digital asset management firm and former editor of TechCrunch, among others, are incredibly excited about the future of the cryptocurrency market, crypto skeptics and perma-bears will always remain, and thrive especially when the markets are in a down cycle.

Featured image from Shutterstock.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

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

Leave a Reply Cancel reply

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

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Price To See 52% Increase To $166,000, Analyst Reveals Tight Timeline

Bitcoin has been gaining strength over the past several days, with price action relaying the buying interest from institutional players....

Scott Matherson 11 hours ago
Bitcoin price news

Bitcoin Breakout Is A Trap—Analyst Predicts Pain Before $160,000 Surge

Bitcoin may be breaking out—but don’t celebrate yet. Crypto analyst Cristian Chifoi warns that the current move is a deceptive...

Jake Simmons 15 hours ago

L’ultimo Rally di Bitcoin è Sostenuto da un Potere d’Acquisto più Forte: Report

I dati del Bitcoin Stablecoin Supply Ratio suggeriscono che oggi gli investitori hanno un potere d’acquisto più forte rispetto al...

clararosati 20 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

BTC, Bitcoin

Bitcoin Near Historic Weekly Close Despite Drop – Analyst Warns Of Volatile Weekend

Rubmar Garcia 2 hours ago
ethereum

Ethereum Approaches Wyckoff ‘Liftoff’ Phase – Can ETH Reach A New High?

Ash Tiwari 4 hours ago
XRP

XRP’s Time Is Now, Says Pundit—Don’t Snooze On The ‘Biggest Transfer Of Wealth’

Christian Encila 7 hours ago

Premium Sponsors

Press Releases

  • $AIN Expands to 7 DEXs as AI Network Activates Omnichain AI...

    7 minutes ago
  • 仮想通プレセール注目:リップルが米銀行ライセンスを申請、機関投資家の関心が急上昇中

    ...

    17 hours ago
  • 仮想通貨おすすめ:話題の新トークンがプレセール開始直後に15万ドルを調達

    ...

    18 hours ago
  • 新しい仮想通貨:ソラナ系取引ボットが話題のプレセールで150万ドル調達、次の100倍候補か?

    ...

    18 hours ago
  • 仮想通貨おすすめ|米下院が大型法案可決、7月4日にビットコインが急騰

    ...

    18 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.