Former american broker Jordan Belfort, known as the wolf of Wall Street, shared his expert opinion on Bitcoin and consequences waiting for Bitcoin holders in an interview to entrepreneur Patrick Bet-David.
Belfort has announced that does not considers Bitcoin to be a scam, however there is a lot of crypto-related fraud that is actually very dangerous for those who do not really know how it all works.
He himself did not invested in Bitcoin or other cryptocurrencies “even a penny” having said that his public opinion towards it is different. “The Wolf of Wall Street” does not deny that some financial behemoths like Goldman Sachs will finally come to the cryptocurrency market, however, he says that ordinary people will suffer from that.
“Something [Bitcoin] was designed to be used as a currency, and it’s being used as an investment vehicle […] As a currency, Bitcoin is no more useful at $20,000 or $100,” he said.
Ironically, Belfort called Bitcoin “a wolf in sheep’s clothing”. According to him the coin rate “can reach even $50 000” before the inevitable fall.
The broker is also sure that it is possible to make money on cryptocurrency only when its rate grows. It is important to leave the game in proper time. Belfort expects Bitcoin to fall from $30 000 to $1.
Last September Belfort said Bitcoin was fraud. In particular he worried about the fact that digital currency can be an easy target for hackers.
Subscribe on The Coin Shark news in Telegram: https://t.me/thecoinshark