The head of defunct brokerage firm Stratton Oakmont, Jordan Belfort, the prototype of which was taken as a basis for the main character of the cult film “the Wolf of wall Street”, I am convinced that retail investors cryptocurrency “brainwashed” in the near future they might lose a lot.
“I was a crook. I brought the fraud to the level of art, that’s exactly what is happening with bitcoin. This is so ridiculous, these kids brainwashed”, — he stressed in an interview with CNBC.
It is worth noting that in 1999, Belfort has indeed been found guilty of manipulating the securities market. He is convinced that the era of the Internet allows you to fool people even easier than in those years when he needed an “army” that is on the phone suggested to many people to by stocks is futile.
“All this will disappear like a Mirage. Many honest people suffer”, — he added.
Belfort also questioned the security of the network bitcoin, the ability of digital currencies to replace the Central banks and that governments will generally allow anonymous money.
“The wolf of wall street” had predicted the collapse of the market in the next year.
We will remind, the Georgian Belfort criticizes cryptocurrencies for the first time. He has previously called bitcoin a fraud, and ICO is the greatest Scam in history.