{"id":13213,"date":"2022-07-11T04:10:24","date_gmt":"2022-07-11T04:10:24","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/wolf-of-wall-street-jordan-belfort-says-hed-be-shocked-if-you-didnt-make-money-investing-in-bitcoin-long-term-markets-and-prices-bitcoin-news\/"},"modified":"2022-07-11T04:10:24","modified_gmt":"2022-07-11T04:10:24","slug":"wolf-of-wall-street-jordan-belfort-says-hed-be-shocked-if-you-didnt-make-money-investing-in-bitcoin-long-term-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/wolf-of-wall-street-jordan-belfort-says-hed-be-shocked-if-you-didnt-make-money-investing-in-bitcoin-long-term-markets-and-prices-bitcoin-news\/","title":{"rendered":"‘Wolf of Wall Street’ Jordan Belfort Says He’d Be Shocked if You Didn’t Make Money Investing in Bitcoin Long Term \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Jordan Belfort, aka the Wolf of Wall Street, says if you take a three, four, or five-year horizon, he would be shocked if you didn\u2019t make money investing in bitcoin because the underlying fundamentals are really strong.
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The Wolf of Wall Street Shares Bitcoin Outlook<\/h2>\n

Jordan Belfort, aka the Wolf of Wall Street, recently shared his outlook for bitcoin on Yahoo Finance\u2019s The Crypto Mile show.<\/p>\n

Belfort is a former stockbroker whose memoir was adapted into a film titled \u201cThe Wolf of Wall Street,\u201d starring Leonardo DiCaprio and directed by Martin Scorsese. Belfort founded Stratton Oakmont which functioned as a boiler room that marketed penny stocks and defrauded investors with pump-and-dump stock sales. He pleaded guilty to fraud in 1999 and went to prison for 22 months; he is now a motivational speaker.<\/p>\n

Belfort was skeptical about crypto and bitcoin back in 2017. He is now marketing himself as a cryptocurrency guru<\/a>.<\/p>\n

While insisting that he stands by what he said about crypto back then, he admitted in the Yahoo Finance interview: \u201cExcept for one thing, I was wrong about bitcoin going to zero.\u201d He explained: \u201cI think the issue right now is you have to look at bitcoin and not take a 12-month or 24-month horizon. With reasonable luck, I think if you take a 24-month horizon, you\u2019ll almost certainly make money.\u201d Belfort added:<\/p>\n

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I think if you take a three, four, five year horizon, I would be shocked if you didn\u2019t make money because the underlying fundamentals, I believe, are really strong.<\/p>\n<\/blockquote>\n

He noted: \u201cThere\u2019s a limited supply and as inflation does keep going and going and going, at some point in time, there\u2019ll be enough maturity with bitcoin where it starts to be treated more like a store of value and less like a growth stock.\u201d<\/p>\n

Belfort was also asked what he would recommend for a long-term retail crypto investor. He said number one would be bitcoin (BTC<\/a>) and number two would be ethereum (ETH<\/a>).<\/p>\n

At the time of writing, bitcoin is trading at $21,038, up 9% in the past seven days but down 38% over a one-year period.<\/p>\n

What do you think about the comments by the Wolf of Wall Street\u2019s Jordan Belfort? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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