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Bitcoin Price to $100K Says The Wolf of Wall Street: Another Changed Heart

Bitcoin’s advantages over equities are what will propel the asset towards $100,000, said Jordan Belfort – known as the Wolf of Wall Street. Interestingly, his bullish price projection comes years after bashing the cryptocurrency and warning investors to get out because BTC will go away.
Belfort in 2018: Bitcoin is Going Away
Belfort is a former stock broker who became synonymous with the term “pump and dump” last century when he and his team touted penny stocks to inflate their value, which boosted their value, and then dumped them on their investors.
After spending a brief time in jail, Belfort went on to write several books. One of them, picked up by legendary director Martin Scorsese, became a 2013 movie hit with Leonardo DiCaprio in the leading role.
Knowing a thing or two about scams, Belfort tried to redeem himself by warning people about what he believed were fraudulent investment projects. One of them used to be the first-ever cryptocurrency – bitcoin.
He used several opportunities to criticize the asset, but he was especially vocal during and after the last parabolic price increase when BTC neared $20,000 and the subsequent market crash when it dumped to $4,000.
“Bitcoin is all based on the Great Fools Theory. I know this better than anyone in the world. I’m not proud of that, but I do.”
He went even further by advocating that people should “get out if you don’t want to lose all of your money because there’s a very good chance it’s going …
Story continues on Crypto Potato

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