Jordan Belfort, a legendary Wall Street entrepreneur, of bitcoin He said he had to jump. Despite this, the entrepreneur stated that the timeframe for long-term holdings of BTC is wide.
Will Bitcoin Price Rebound By The End Of 2022?
Investors “cryptocurrencies Will he recover?” Former stockbroker Jordan Belfort said at a time when he wondered that it was almost certain that there would be a jump. Despite this, Belfort stated that his BTC price prediction is valid for long-term investors between three and five years.
According to a Bloomberg report, Belfort is optimistic about Bitcoin’s long-term prospects. The legendary investor said that the underlying fundamentals of BTC are strong:
“The BTC price will ‘almost certainly’ rise in the next three to five years. If you look at it from a three or maybe five-year perspective, I’d be shocked if you don’t make any money. Because the fundamentals underlying BTC are really strong.”
What Does the Analyst Think for the Next Two Years?
However, the former stockbroker is not so sure about Bitcoin’s short-term future. He thinks the luck factor may have come into play as some investors are making profits in Bitcoin. Belfort said that with luck, investors could almost certainly make money by investing in BTC:
“With their luck, investors will almost certainly make money in just two years.”
Belfort, whose life was the subject of a movie called The Wolf of Wall Street, was imprisoned for a while on charges of fraud. Belfort’s current assets are thought to be around $115 million.
*Not investment advice.