Jordan Belfort, the original Wolf of Wall Street recently shared his thoughts on Bitcoin, Defi, and the crypto space. Belfort is the inspiration behind the great movie the Wolf of the Wall Street where he manipulated the stock market and pumped penny stocks to make his fortune. As revealed in the interview, he is not very happy with a lot of what is going in the crypto market.
In a recently conducted interview, Jordan Belfort shared details on what excites him in the stock market and about which coins does he really cares about.
Discussing Bitcoin, Belfort said that he has always been an admirer of Bitcoin and the idea behind it excites him a lot.
Though he mentioned the need for regulations in the crypto market as the more and better regulations there in the market, the more it is going to be beneficial for the traders. He said:
In addition to this, Jordan claimed that Bitcoin has a great future ahead and addressed the development the crypto industry has gone through with time.
While predicting the price of Bitcoin for the end of this year to be between $45K and $70K, he praised the concept of Defi and mentioned that he believes that decentralized finance is very innovative.
Showing a concern regarding the growing number of worthless crypto coins in which unaware people invest and end up losing their money. He said:
As far as Tether is concerned, Belfort called it a stain on the credibility of the crypto market and said: