It should be noted that Jordan Belfort was once openly critical of cryptocurrencies and called them a scam. As he explained this summer, such a viewpoint was due to the popularity of digital assets. According to Jordan, almost everyone was talking about them at the time, so he jumped to conclusions.

As Belfort noted, he didn't do a thorough analysis and therefore his attitude towards BTC was flawed.

Jordan is now quite active in the industry. For example, his Twitter avatar still features a representative of the NFT collection “Cryptopunks”. That said, during the growth phase of the industry, he has repeatedly stated his desire to invest in a particular NFT project and asked for advice from his followers, thus attracting attention.

Jordan Belfort’s Twitter page

In other words, Belfort has relatively limited experience with crypto and NFT, and his views on coins are rather conservative. Then again, Jordan’s positive attitude towards crypto is also relatively recent. Therefore, the entrepreneur’s comments on the subject are in line with all of the above.

Which cryptocurrencies can I invest in?

The collapse of crypto exchange FTX, according to Belfort, was a predictable event – the trading platform looked like a major fraudulent scheme from the start. However, the fiasco of FTX founder Sam Bankman-Fried shouldn’t completely scare investors away from Bitcoin and Etherium. Here’s Belfort’s cue.

Apart from these two coins, I would bypass all other cryptocurrencies by the tenth way.

Alas, Jordan did not add an argument for such a position. It is therefore difficult to take this statement seriously. Belfort doesn't seem to be a blockchain expert, and the most profitable cryptocurrencies in 2021 are not BTC and ETH.

Jordan Belfort

Jordan had previously invested in Bitcoin, and during the current bearish trend, not only did he not sell the coins, but he also multiplied the amount of BTC in his wallet. “The Wolf of Wall Street” expects this investment to generate large returns over the next five to ten years. He continues.

I haven’t sold a single coin and am only buying more. I can’t assure you that Bitcoin won’t fall lower, its price may indeed still fall in the near future. But I do believe that if you hold these coins for five to ten years, they have every chance of rising well above today’s price.


At the same time, experts at Standard Chartered Corporation are predicting Bitcoin to fall to $5,000. However, at the same time, they emphasize that such a scenario is the most negative and highly unlikely.

According to CryptoPotato sources, just a few years ago Belfort was not a fan of cryptocurrencies and called them “fool’s gold”. However, in early 2021, Jordan changed his mind. At that time, he was impressed by Bitcoin’s meteoric rise in the face of the COVID-19 pandemic. He even predicted the rise in value of BTC up to $100,000 by the end of the last year, but his prediction didn’t come true.

Bitcoin exchange rate over the last 30 days

Institutional – that is, large and professional investors share the view that Bitcoin has great prospects, as evidenced by recent data from cryptocurrency exchange Bitstamp. Its analysts said that institutional registrations on the platform rose by 57 per cent in November. And this happened even despite the bankruptcy of FTX.

Bitstamp’s total profits for the aforementioned period rose by 45 per cent. Profits specifically from institutional traders increased by 34 per cent and from individual traders by 72 per cent. The number of active accounts of the latter also rose by 43 per cent.


At the same time, the management of cryptocurrency exchange Coinbase expects revenues to decline compared to last year. It visited Bloomberg TV the day before and said it expects "about half or less". That said, Coinbase had revenue of $7.84 billion in 2021.

Coinbase chief executive Brian Armstrong


We think Jordan Belfort can hardly claim to be a crypto expert. Still, a few years ago he drew the wrong conclusions about Bitcoin solely because of other people's talk, and that kind of negative stance has lasted long enough. Obviously, it will also take some time for Belfort to get to know other blockchain projects and realise their potential.

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