Crypto: The “wolf of Wall Street” speaks out on the FTX case

Jordan Belfort, aka the “ Wolf of Wall Street,” recently posted a video on his YouTube channel regarding crypto. He notably talked about the collapse of the FTX exchange as well as the upcoming trend in the Bitcoin and Ethereum markets. The Wolf of Wall Street was rather optimistic about the future of the two largest cryptocurrencies by market capitalization.

FTX’s bankruptcy cannot prevent the rise of Bitcoin and Ethereum

Former American broker Jordan Belfort declaredD that the prices of BTC and ETH will substantially exceed their current values. He indicated that the collapse of FTX will not prevent the advent of a bullish trend in the markets of the two cryptos. To this end, he suggested that investors should keep their bitcoin and ether holdings.

If you own bitcoin or ether you have to make your own decision, but personally I haven’t sold a single one and I’m buying moresaid the Wolf of Wall Street. He added that his statement does not mean that he does not expect a drop in the price of the two cryptos.

The opinion of Jordan Belfort

In reality, Belfort believes that BTC and ETH will be “probably a little lower in the short term“. For this reason, he wisheskeep buying them lightly“. Nevertheless, he is of the opinion that BTC and ETH tokens will rise in the long term, in five or ten years.

Jordan Belfort is skeptical of other markets

Belfort does not believe that other cryptos will manage to survive the recent meltdowns. Indeed, he stated that he wouldn’t touch at all to other cryptocurrencies right now. He explained that it is necessary to analyze each token step by step yourself to determine whether to sell it or not. He also recommends taking your time to find the right moment for a possible sale.

Furthermore, the Wolf of Wall Street said:FTX was a scam and there is no way to protect against such a scam“. But, according to him, the fact that FTX is a scam should not make people believe that bitcoin is worthless or that it is going to ruin.

Belfort did not fail to make recommendations to investors. “If you’re buying bitcoin or ether, it should be a very small part of your overall investment portfolio.“, did he declare.

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