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Jordan Belfort, The Wolf of Wall Street Issues Warning About Investing In Dogecoin and Shiba

Jordan Belfort, Wolf of Wall Street Issues out warnings to investors about buying meme cryptocurrencies. Particularly, dogecoin (DOGE) and shiba inu (SHIB).

So, Jordan Belfort explains during an interview with Sun.

“I’m a fan of blockchain but there’s a lot of nonsense out there,..”
“a lot of shit coins which serve no purpose and are only…”
“there to separate people from their money,”

Notably, Jordan Belfort is a former stockbroker whose memoir is into a film titled “The Wolf of Wall Street,”. More so, the film features Leonardo DiCaprio and directed by Martin Scorsese.

Furthermore, The Wolf of Wall Street author, Jordan Belfort explains to The Sun:

“You hear crazy stories of people making millions and billions but for every person…”
“like that there are 10,000 or 100,000 people getting their a** handed to them in shiba inu …”
“It’s not a proper investment.”

Then, Jordan Belfort adds: “People are taking advantage of an unregulated market and…”
“creating shit coins which have no value and have no use.”

More so, Both crypto assets have massive publicity the past months. Currently, DOGE is the 10th largest crypto by market cap and SHIB is the 13th largest. Also, Doge price is at $0.210057, gaining over 6,154% over the past year. Meanwhile, Shiba inu’s price is $0.00004284, gaining over 66,650,613.9% over the past year.

Additionally, Jordan Belfort criticizes crypto investment schemes like MILF coin and yummy coin. Then, says that “unscrupulous people start the coins and get into a chat room…”
“and saying stuff that’s blatantly illegal.”

Furthermore, He adds, “People should go to jail seriously – they are not legitimate….”
“There is no way they are ever going to work …”
“My guess is that someone will end up getting indicted for this stuff

Lastly, Jordan Belfort concludes “What I hate about it the most is that legitimate stuff”
“it gives those digital coins a bad name,”

“The sooner governments step in the better it is for crypto because when authorities…”
“start to regulate a dark market, it gets bigger and better.”

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.