A former American broker, Jordan Belfort, better known as the “Wolf from Wall Street,” called bitcoin “the ideal tool for manipulating.” This statement was made in an interview with businessman Patrick Beth David.
“I do not consider bitcoin as a scaffold, but a lot of scum is going on around bitcoin. And this is very dangerous for people who do not understand and can be dragged, “ – said Belfort.
He also put bitcoin on a par with the “blind pools” of the 80s, which he called “the biggest fraud in the world.” He himself did not invest “bit a penny” in Bitcoin or another crypto-currency, arguing that this is contrary to his public position.
“The Wolf from Wall Street” also agreed that large financial corporations like Goldman Sachs will sooner or later enter the crypto-currency market, but, according to him, “ordinary people” will eventually suffer.
“As a currency, bitcoin is not more useful at $ 20,000 than $ 100. It can be used, be it $ 100 or $ 2 billion. The only reason it grows is because bitcoin is not used as a currency. It is used for wild speculation, “ Belfort said.
He also noted that even if the market capitalization of bitcoin reached $ 200 billion, it does not mean anything, because only $ 2 million to $ 10 million in bitcoins participate in active trade, and the vast majority of coins “lie dead weight”.
It’s ironic that Belfort also called bitcoin “a wolf in sheep’s clothing.” In his opinion, the price of a coin “can reach even $ 50,000” before “inevitably collapses”.
“Governments do not like money laundering the most. And the biggest scam now is that something created as a currency has become an investment tool. Bitcoin is practically not used in the world. While he is growing, you can earn, if time out of the game. And then, when a certain moment comes, bitcoin will not drop from $ 30,000 to $ 29,000, and then to $ 28,000 and so on. It will be $ 30,000 – $ 1 “ , – the former broker is sure.
Recall, in September last year, Belfort called bitcoin “fraud” . In particular, he expressed concern over the fact that the crypto currency is an easy prey for hackers.
At the same time, he did not deny the prospects of digital assets and suggested that those wishing to invest in them should wait until the Central Bank issues the issue of the crypto currency.
It is worth noting that Jordan Belfort himself was convicted in 1998 for 22 months for fraud related to manipulation of the securities market. Then over one and a half thousand of its clients lost $ 110.4 million.
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