THE real-life Wolf of Wall Street has slammed Bitcoin as a “huge, gigantic scam” and has warned would-be investers not to waste their cash.
Jordan Belfort believes the controversial cryptocurrency is a bubble and could be set to plummet in value soon.
Bitcoin is a ‘huge, gigantic scam,’ warns real-life Wolf of Wall Street Jordan Belfort
The former stockbroker, whose market manipulation and fraud crimes in the 1990s were subject of the 2013 film starring Leonardo di Caprio, said:“Promoters are perpetuating a massive scam of the highest order on everyone.
“Probably 85 per cent of people out there don’t have bad intentions but the problem is, if five or ten per cent are trying to scam you.”
Belfort said he expected the price of Bitcoin to rise further in the short term before an eventual collapse in the market.
He likened it to Holland’s “tulip mania”, where the value of tulip bulbs grew exponentially in the 17th Century before a rapid fall in prices…