Wolf of Wall Street Jordan Belfort warns of investments in cryptocurrencies Dogecoin and Shiba Inu - News
Wolf of Wall Street Jordan Belfort warns of investments in cryptocurrencies Dogecoin and Shiba Inu - News
Jordan Belfort, the former stock exchange broker, whose memoirs were made a film with Leonardo DiCaprio, warned of investments in meme cryptocurrencies such as Dogecoin (Doge) and Shiba Inu (Shib). Belfort said that "people take advantage of an un -regulated market" and emphasized: "The earlier governments intervene, the better it is for crypto."
The advice of The Wolf of Wall Street on cryptocurrencies by Dogecoin and Shiba Inu
Jordan Belfort, also known as the wolf of Wall Street, has warned investors in an interview with The Sun in front published on Tuesday to invest money in meme cryptocurrencies such as Dogecoin (Doge) and Shiba Inu (Shib).
"I'm a fan of blockchain, but there is a lot of nonsense out there, many shit coins that do not serve and are only there to separate people from their money," he said.
Belfort is a former stockbroker whose memoirs were adapted in a film entitled "The Wolf of Wall Street" with Leonardo DiCaprio and directed by Martin Scorsese. Belfort founded Stratton Oakmont, which acted as a heating room, marketed Penny Stocks and cheated on investors with "pump-and-dump" stock sales. In 1999 he was guilty of fraud and was prison for 22 months; He is now a motivational speaker.
"I got greedy. ... greed is not good," he said in 2014 during a motivational discussion in Dubai.
The author of The Wolf of Wall Street told The Sun:
You hear crazy stories from people who earn millions and billions, but 10,000 or 100,000 people come to every person who get their money in Shiba Inu ... it's not a real investment.
BELFORT added: "People use an unregulated market and create shit coins that have no value and no use."
Both Dogecoin and Shiba Inu have gained enormous popularity in the past few months. At the time of writing, Doge is the tenth largest cryptocurrency after market capitalization and Shib is the 13th largest. The price for Dogecoin is $ 0.210057. It increased more than 6,154 % last year. The price of Shiba INU is $ 0.00004284. The Meme Coin increased 66,650,613.9 % last year.
BELFORT then hit crypto investment programs such as Milf Coin and delicious coin, in which it means that "unscrupulous people start the coins and get into a chat room and say things that are obviously illegal."
he emphasized: "People should go to prison seriously - they are not legitimate. Under no circumstances will they ever work ... I suspect that someone is charged for this stuff."
he emphasized: "What I hate the most about it is this legitimate stuff - it gives these digital coins a bad reputation," he said:
The earlier governments intervene, the better it is for crypto, because when the authorities begin to regulate a dark market, it gets bigger and better.
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