This time it is not a high profile CEO of a bank or a hedge fund who passed remarks about Bitcoin. It is a hi-profile criminal who called bitcoins as fraud however, no impact on the price of bitcoins is envisaged in near future.
Jordan Belfort, who is termed as Wolf of wall street called Bitcoin a fraud and said that “the biggest problem I see from Bitcoin, and why I would never buy it, is because its easy to steal it from you through hacking. This time no impact is envisaged as the prices of bitcoins have already suffered the allegations from Chase Bank CEO Jamie Dimon who termed Bitcoin a fraud for the first time. Bitcoin prices reacted sharply, However crypto world noted, JP Morgan buying a large block of Bitcoins days after Jamie's statement. In just few days, Jamie's friend came out in public support, bitcoin prices reacted again. But when Jamie passed remarks against bitcoins in India, the markets reacted cautiously. Bitcoin prices turned upward as the traders realised that its a trick to buy low by making negative statements. Even now, Jordan's statement would have no impact.
