‘Wolf of Wall Street’ Jordan Belfort Expects Bitcoin and Ethereum to Be ‘Substantially Higher’ Despite FTX Collapse

By Bitcoin.com - 1 سال اڳ - پڙهڻ جو وقت: 3 منٽ

‘Wolf of Wall Street’ Jordan Belfort Expects Bitcoin and Ethereum to Be ‘Substantially Higher’ Despite FTX Collapse

Jordan Belfort, aka the Wolf of Wall Street, expects bitcoin and ethereum to be “a lot higher” than they are now. Noting that the collapsed crypto exchange FTX is a scam, he stressed that its implosion “doesn’t mean that you can disregard bitcoin completely and say it’s worthless or going to zero.”

The Wolf of Wall Street سڏي ٿو FTX هڪ اسڪام

Jordan Belfort, a former stockbroker whose memoir was adapted into a film called “The Wolf of Wall Street,” shared some recommendations about bitcoin and ethereum in a video posted on his Youtube channel Monday. The film was directed by Martin Scorsese and starred Leonardo DiCaprio.

بيلفورٽ اسٽريٽن اوڪمونٽ ٺهرايو جيڪو هڪ بوائلر روم جي طور تي ڪم ڪيو جيڪو پئني اسٽاڪ کي مارڪيٽ ڪيو ۽ پمپ ۽ ڊمپ اسٽاڪ سيلز سان گڏ سيڙپڪارن کي فراڊ ڪيو. هو 1999 ۾ فراڊ جو ڏوهه قبول ڪرڻ کان پوءِ هڪ متحرڪ اسپيڪر بڻجي ويو ۽ 22 مهينن لاءِ جيل ويو.

FTX جي حوالي سان، crypto مٽا سٽا ڪئي وئي ۽ ان لاءِ داخل ڪيو ويو بينڪ 11 نومبر تي، ولف آف وال اسٽريٽ بيان ڪيو: "FTX هڪ اسڪينڊل هو ۽ اهڙي اسڪيم کان بچائڻ جو ڪو طريقو ناهي." هن وڌيڪ شامل ڪيو:

But just because FTX itself was a scam, that doesn’t mean that you can disregard bitcoin completely and say it’s worthless or going to zero. The same thing goes for ethereum.

Belfort Recommends Holding Bitcoin ۽ ايٿيروم

Belfort believes that the price of bitcoin and ether will increase substantially despite recent crypto market sell-offs and the FTX fallout. However, he is skeptical about other coins, noting that besides the two largest cryptocurrencies, he “literally would not be touching crypto right now with a 10-foot pole.”

انهن لاءِ جيڪي اڳ ۾ ئي ٻين ڪرپٽو ٽوڪن جا مالڪ آهن، هو سفارش ڪري ٿو ”قدم قدم تي هر هڪ سکن کي ڏسندي“ فيصلو ڪرڻ لاءِ ته ڇا انهن کي وڪرو ڪيو وڃي ۽ جڏهن وڪڻڻ جو سٺو وقت هجي. ”اهو ان بنياد تي هجڻ گهرجي جيڪو توهان خريد ڪيو آهي ۽ ڇا توهان سوچيو ته اهو هن وقت قابل آهي ،“ هن چيو.

سيڙپڪارن کي هر ٽوڪن جي بنيادي اصولن کي جانچڻ گهرجي ۽ پاڻ کان پڇڻ گهرجي ته انهن پهرين جڳهه ۾ سکن ڇو خريد ڪيو، بيلفورٽ صلاح ڏني. "ڇا توهان جي خريداري جي پويان ڪا شيء هئي، ڇا توهان اميد ڪري رهيا هئاسين ته سٺي خبر اچي، ڇا توهان سوچيو ته ڪمپني اصل ۾ ڪجهه ڪري رهي هئي ۽ اسان وٽ ڪجهه پيش رفت ٽيڪنالاجي آهي؟" هن پڇيو.

However, if investors bought crypto because of “the greater fool theory, meaning that you thought … someone even more foolish than you would come along and buy the coin from you at a higher price,” Belfort suggested: “Anything outside of bitcoin and ethereum, I would take a petty close look at it and consider maybe selling it.” Referencing the dot-com bubble where 99% of the deals crashed and never came back, he explained:

ڪجھ تجزيو ڪريو، ڪجھ ريسرچ ڪريو... ڇا ڪو مسئلو آھي جو ھي سڪو يا ٽوڪن حل ڪري رھيو آھي يا اسان صرف تمام ھائپ ۾ خريد ڪري رھيا آھيون ۽ اميد آھي ته اھو جاري رھندو ڇو ته جيڪڏھن اھو معاملو آھي ايمانداري سان توھان کي خبر آھي ته موقعا تمام گھڻا آھن اهي شيون ڪڏهن به واپس نه اچڻ وارا آهن.

Belfort also revealed that he is planning to buy more bitcoin and ether. While cautioning that the two cryptocurrencies could fall further in the short term, he opined:

I think it’s a pretty good bet that right now, down here, if you buy bitcoin or ethereum, chances are [they] will be substantially higher in five to 10 years — actually a lot higher, I believe.

“If you are buying bitcoin or ethereum, it should represent a very small portion of your overall investment portfolio,” Belfort advised, noting that he would limit crypto investments to “under 10%” of his overall holdings. “That’s the money that you can essentially speculate with. You can afford to lose it.”

What do you think about the recommendations regarding bitcoin and ethereum by Jordan Belfort? Let us know in the comments section below.

اصل ذريعو: Bitcoin.com