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29 March 2024
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The Wolf Of Wall Street: BTC Now Has A Much Bigger Base Of Buyers Than Ever Before And Bitcoin Price Could Top $100,000 By The End Of The Year


Jordan Belfort dubbed the Wolf of Wall Street, changed his stance from taking a negative view of Bitcoin to a Bitcoin advocate with a prediction that Bitcoin price would rise to $ 100,000.

The Wolf of Wall Street: Bitcoin price will reach $ 100,000

Belfort said Bitcoin’s advantage over stocks is what will drive the asset to $ 100,000. Interestingly, his bullish price prediction came years after the crypto break and warned investors to exit because BTC would disappear.

Belfort is a former stockbroker who became synonymous with the term “pump and dumps” a century ago when he and his team touted penny stocks to increase their value, which increases their value and then sells them to their investors.

After spending a short time in prison, Belfort went on to write several books. One of them, chosen by legendary director Martin Scorsese, became a 2013 hit with Leonardo DiCaprio in the lead.

Knowing a thing or two about scams, Belfort tries to atone by warning people of what he believes are fraudulent investment projects. One of them was the first cryptocurrency – bitcoin.

He used some opportunity to criticize the asset, but he specifically spoke out during and after the last parabolic bull run when BTC reached nearly $ 20,000 and the market crash thereafter as it fell. 4,000 dollars left.

He stated:

“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.”

After three years since the negative comments about Bitcoin, the so-called Wolf of Wall Street changed his opinion on BTC. In a recent interview with Fortune, Belfort made some of his critiques in the past but noted that post-COVID-19 developments and the stock market turned him around.

Contrasting to equities, which have an infinite number of shares that can be issued, bitcoin has a fixed, finite supply. This makes people feel spoiled by bitcoin. Additionally, he asserted that BTC now has a much bigger base of buyers than ever before and predicted that its price could top $ 100,000 by the end of the year.

With his marked change in heart on BTC, Belfort has joined players like MicroStrategy’s Michael Saylor, CNBC’s Jim Cramer, Shark Tank Kevin O’Leary, and more.

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