Published on July 2nd, 2018 | by bitcoin0
Jordan Belfort, best known as “Wolf of Wall Street” quote on bitcoin: ‘Unless you want to lose your shirt, you should sell all now’
Jordan Belfort, the former stock broker made famous by Leonardo DiCaprio in Martin Scorsese’s “Wolf of Wall Street,” is intimately familiar with scams.
According to Belfort, that experience has given him insight into a modern financial asset: Bitcoin.
“[Bitcoin] is all based on the Great Fools Theory,” Belfort says in a recent YouTube video.
Bitcoin traded near $6,600 Monday morning according to data from Coindesk, a 12 percent rebound from the cryptocurrency’s lows last month.
In 2017, bitcoin soared from below $1,000 to over $19,000 in December, before plummeting at the start of this year.