Former stockbroker Jordan Belfort, whose memoirs were adapted into a movie starring Leonardo DiCaprio, Dogecoin (DOGE) and Shiba inu (SHIB) The meme warned against investing in cryptocurrencies. “People benefit from an unregulated market,” Belfort commented, emphasizing that “the sooner governments take action, the better for crypto.”
Wall Street Wolf Warns About Dogecoin and Shiba Inu!
Renowned broker Jordan Belfort, known as the Wall Street Wolf, spoke to investors in an interview with The Sun on Tuesday. Dogecoin (DOGE) and Shiba inu (SHIB) The meme warned against investing in cryptocurrencies like:
“I’m a big fan of blockchain but there is a lot of bullshit out there, a lot of shitty money in the industry that serves no purpose and is just to get people out of their money.”
Belfort is a former stockbroker whose memoirs were adapted into a movie called “The Wolf of Wall Street,” starring Leonardo DiCaprio and directed by Martin Scorsese. The broker is a broker that promotes penny stocks and defrauds investors with “pump and dump” stock sales. boiler room Stratton founded Oakmont, which functions as a scam scheme that encourages investors to buy worthless shares. He pleaded guilty to fraud in 1999 and spent 22 months in prison; now he continues his life as a motivational speaker.
Belfort, who seems to have learned from the mistakes he made in the past, in a motivational speech he gave in Dubai in 2014; “I was greedy… Greed is not good,” he commented.
The author of The Wolf of Wall Street, who wants people not to make their own mistakes, told The Sun:
“You hear crazy stories about people making millions and billions of dollars, but for each of those winners, there are 10,000 or 100,000 people in the Shiba inu who look bad… It’s not a wise investment.
People are taking advantage of an unregulated market and creating sh*t money with no value or use.”
Both Dogecoin and Shiba inu have gained immense popularity in the past months. of dogecoin Its price reached $0.21 last year, gaining more than 6154%, and is trading at 10th place on the list of top cryptocurrencies. shiba inu on the other hand, it earned 66650613% last year and ranks 13th on the same list with $0.00004284.
Belfort continued to criticize crypto investment schemes such as the MILF coin and the yummy coin, claiming that “unscrupulous people are launching coins and breaking into a chatroom and saying frankly illegal things”, noting that legitimate projects like Bitcoin and Ethereum have been damaged by some rotten apples. he ended his words:
“People should go to jail seriously – they are not legitimate. They’re not going to work in any way… I guess someone will be blamed for these things. What I hate most about it is these legitimate things – it gives digital currencies a bad reputation.
In early November, the Squid Game coin gained massive media coverage despite not having any affiliation with the hit Netflix series, and plummeted to near zero shortly thereafter. The event has become a wake-up call for cryptocurrency investors.