Jordan Belfort, the individual whose life story was portrayed in Leonardo DiCaprio's famous investment film, The Wolf of Wall Street, admitted his mistake on Bitcoin (BTC) expectations before.
He who is an American entrepreneur expressed his regret as a result of claiming that the value of Bitcoin BTC will fall to zero.
As proof, he once made a claim in 2017 by expressing his hatred for cryptocurrencies due to the fact that the market is full of lies.
However, Belfort changed his opinion about BTC after the cryptocurrency plunged to three thousand dollars because he expected the price of BTC to collapse like lunna terra and UST, but the market is still billions of dollars.
At the same time, he worries that US regulations could slow down the use of BTC as China is trying to do, but the opposite is happening as several senators and governors in the US are pro-Bitcoin who are trying to ensure that regulations do not slow down its path.
According to Belfort, investors should not invest in BTC if they expect profits in a period of 12 or 24 months because it is a long-term investment that requires a period of 4 to 5 years.
He further added that BTC will become the store of value cryptocurrency trading in the future.
Meanwhile, the uninformed habitual investor can trade and make handsome profits in the stock market if the right pro-innovation rules are implemented.
As for Belfort's cryptocurrency of choice, the Wall Street tycoon explained that he actually only trusts BTC and Ethereum (ETH) for speculation or betting with his friends, warning that investors could face the risk of losing everything.
