Bitcoin has a lot of lovers and a lot of haters as well. Unfortunately, Jordan Belfort(The Wolf of Wall Street) is one of the haters.
He recently dropped a 15 minute plus video ripping into Bitcoin and listing all of the reasons why it is going to fail.
Belfort claimed that he almost mined Bitcoin a very long time ago, and I feel like that he could just be very salty that he didn't jump on the bandwagon much earlier. He claims to have done lots of research on Bitcoin and cryptocurrency in general, and his main reasoning in thinking that it will fail is thinking that governments will ultimately regulate and ban Bitcoin back into the dirt.
Belfort claims that massive manipulation is the only thing keeping the market afloat right now, and he made many more asonine claims. He said that Bitcoin will go to zero, called it a ponzi scheme, and he was very emotional during his bashing of Bitcoin.
It would have been nice to get someone like this to back up Bitcoin, and he did say that he loved Blockchain technology.
It was refreshing to see someone bashing Bitcoin that actually had a modicum of information about it because most Bitcoin haters don't have the first clue about Blockchain or cryptocurrency. At least the Wolf of Wall Street knew a little something about what he was talking about, but I still think he is wildly wrong and salty that he didn't get in before. I also think that he might be shorting Bitcoin and trying to drive the price down further to increase his profits.
This is the same guy that has been in trouble for fraud and manipulation in the past, and it wouldn't surprise me one bit if that was his intention this time around.
One thing is for sure, we don't need the Wolf of Wall Street to help cryptocurrency succeed! HODL STRONG!
Here is a link to his video is you're interested in watching: https://www.facebook.com/jordanbelfort/videos/10156550326118465/
Stay High,
