Ironically, Jordan Belfort, known for his huge stock swindle, declared Bitcoin one in the midst of the 2017 bull market Fraud and predicted a price crash into worthlessness. in one interview With Yahoo Finance, Belfort now explained his motivations that led him to this assessment.
He admitted that he stood by everything he said about cryptocurrencies. However, his only mistake was assuming that Bitcoin would fall to $0. He also admitted that he hadn’t looked into the matter in detail and had hastily labeled it a scam.
Belfort was changed by the fact that Bitcoin remained a billion-dollar market even after its crash in 2018 and apparently has survived any form of regulation to date. Ultimately, he learned to regard Bitcoin as digital gold for its quality.