Former American broker Jordan Belfort, known as the “Wolf of Wall Street”, called for buying bitcoin for more than one to two years as a long-term hedge against inflation.
According to the expert, with an increase in the investment horizon, the probability of making a profit increases.
“If you take a three- or five-year horizon, I will be very surprised if you do not earn. The fundamentals of bitcoin are really strong.”he explained.
https://www.youtube.com/watch?v=j8bd2paHyds
“He has a limited supply. As inflation continues to rise, there will come a time when bitcoin starts trading more as a store of value than a growth stock.” the specialist explained.
Belfort explained the current high correlation of the first cryptocurrency with the Nasdaq index by the stage of formation. According to him, this is expressed in the absence of “real institutional ownership”, which can be solved through regulation.
“In the cryptocurrency market, you can raise funds. But there is no disclosure, which is fraught with a bad outcome.”he explained.
The Wolf of Wall Street advised investors to pay attention to the team and the usefulness of the project in the first place. According to him, it is worth avoiding those that are not able to compete with centralized alternatives.
Recall that at the end of 2021, Belfort called Shiba Inu and Dogecoin meme-cryptocurrencies “useless and without value.”
Previously, the former broker admitted to being a “major XRP holder.”
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
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Former American broker Jordan Belfort, known as the “Wolf of Wall Street”, called for buying bitcoin for more than one to two years as a long-term hedge against inflation.
According to the expert, with an increase in the investment horizon, the probability of making a profit increases.
“If you take a three- or five-year horizon, I will be very surprised if you do not earn. The fundamentals of bitcoin are really strong.”he explained.
https://www.youtube.com/watch?v=j8bd2paHyds
“He has a limited supply. As inflation continues to rise, there will come a time when bitcoin starts trading more as a store of value than a growth stock.” the specialist explained.
Belfort explained the current high correlation of the first cryptocurrency with the Nasdaq index by the stage of formation. According to him, this is expressed in the absence of “real institutional ownership”, which can be solved through regulation.
“In the cryptocurrency market, you can raise funds. But there is no disclosure, which is fraught with a bad outcome.”he explained.
The Wolf of Wall Street advised investors to pay attention to the team and the usefulness of the project in the first place. According to him, it is worth avoiding those that are not able to compete with centralized alternatives.
Recall that at the end of 2021, Belfort called Shiba Inu and Dogecoin meme-cryptocurrencies “useless and without value.”
Previously, the former broker admitted to being a “major XRP holder.”
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
