Bitcoin welcomes another believer. This time it’s “The Wolf of Wall Street“ By BTC Peers – Investing.com

Bitcoin welcomes another believer. This time it’s “The Wolf of Wall Street“ By BTC Peers – Investing.com

Bitcoin welcomes another believer. This time it's “The Wolf of Wall Street”







Jordan Belfort, one of Bitcoin's early critics, has retraced his steps and is now bullish on the future of the flagship cryptocurrency.

The well-known investor, motivational speaker, and stockbroker recently told Fortune that could eventually reach $100,000. Belfort, who calls himself “The Wolf of Wall Street,” has earlier said that Bitcoin would vanish with the 2018 crypto winter. However, it appears he is finally coming to accept the inevitability of the digital asset.

He admitted during his appearance on Fortune that he was wrong about Bitcoin when he predicted its doom in 2017. He was quite sure that Bitcoin would succumb to pressures from regulators due to its anonymous nature and potential of being used to launder money and finance illicit activities.

Belfort is now a Bitcoin believe. He pointed to the influx of institutional investors and new retail players.

As for his $100k prediction, Belfort is positive that Bitcoin's advantages over stocks