Jordan Belfort warned that more and more coins are appearing in the digital asset market, the main purpose of which is to "separate investors from their money."
Former broker Jordan Belfort, played by Leonardo DiCaprio in Martin Scorsese's The Wolf of Wall Street, told The Sun that "meme" cryptocurrencies are useless and have no real value. According to Belfort, some of the joke coins that have recently appeared on the market are outright scams and their creators should be imprisoned.
Belfort noted that he is a fan of blockchain technology, but warned that more and more coins are appearing on the digital asset market, the main goal of which is "to separate investors from their money."
“You hear crazy stories about people making millions and billions, but for every such person there are 10 thousand or 100 thousand people who have suffered a serious loss,” explained the prototype of the “Wolf of Wall Street”. Belfort also added that this was not the right investment.
Previously, Belfort has repeatedly spoken out on the topic of cryptocurrencies. In July, he expressed his opinion that regulation of the crypto market has a positive effect on the industry in the long term. In 2018, Belfort argued that Bitcoin would depreciate anyway, even if its price rises to $ 50,000. Belfort also pointed out that central banks would not allow cryptocurrency transactions to remain anonymous.
In 1998, Belfort was convicted of securities fraud. He spent 22 months in prison. After his release, Belfort published two books of memoirs (The Wolf of Wall Street and The Wolf of Wall Street 2. The Wolf Hunt), which have been translated into 18 languages. Martin Scorsese's The Wolf of Wall Street was released in 2013.