Greg Wall Street Says Bitcoin Investors Will Definitely Profit, But What Is Greg Wall Street's Bitcoin Track Record?
Jordan Belfort, better known as the Wolf of Wall Street, argues that investors who buy Bitcoin now will profit. However, this is not the first time Belfort has commented on Bitcoin and its future. Belfort has previously admitted that his views on the coin have changed.
Belfort's latest prediction was shared during a video interview with Yahoo Finance in late June.
Greg Wall Street Says Bitcoin Investors Will Definitely Profit, But What Is Greg Wall Street's Bitcoin Track Record?
Jordan Belfort, better known as the Wolf of Wall Street, argues that investors who buy Bitcoin now will profit. However, this is not the first time Belfort has commented on Bitcoin and its future. Belfort has previously admitted that his views on the coin have changed.
Belfort's latest prediction was shared during a video interview with Yahoo Finance in late June.
Jordan Belfort, better known as the Wolf of Wall Street, argues that investors who buy Bitcoin now will profit. However, this is not the first time Belfort has commented on Bitcoin and its future. Belfort has previously admitted that his views on the coin have changed.
Belfort's latest prediction was shared during a video interview with Yahoo Finance in late June.
He added:
I'd be shocked if you didn't make any money after three or maybe five years.
In 2018, Belfort opined that Bitcoin was based on the "Bigger Fool" theory and advised holders to get rid of it. However, this wasn't the only time Belfort predicted a Bitcoin collapse, and his comments slowly turned more positive over time.
December 2017 Belfort said in December 2017 that it was definitely a bubble, while also sounding the alarm about other crypto assets, saying that people were using Bitcoin's success to create massive pumps and dumps.
June 2018 "Bitcoin is based on the 'bigger fool' theory and I know that better than anyone in the world," Belfort said in a video he uploaded to his YouTube channel. He also claimed that there is nothing proprietary about Bitcoin.
September 2018
Yes, I was a fraud, Belfort said in a September 2018 interview, explaining that his old company was involved in some form of stock manipulation, adding that "that's exactly what's going on with Bitcoin."
January 2021
At the start of 2021, Belfort still seemed ambivalent about Bitcoin, predicting that it would eventually suffer some sort of regulatory attack by the government. He said how they allowed this to become something that could easily be used for money laundering.
March 2021
In March 2021, in the middle of that year's uptrend, Belfort said in an interview with Fortune that he believed Bitcoin could reach $100,000 by the end of the year, stating that Bitcoin had a much larger buyer base than before.
July 2021
A few months later, in July of that year, Belfort again updated his Bitcoin forecast, saying he sees Bitcoin between $45,000 and $70,000 by the end of the year.