The writer, consultant and former stockbroker Jordan Belfort, self-proclaimed as “The Wolf of Wall Street”, assured that bitcoin (BTC), will increase its value to USD 100,000. In this way, the expert changed his opinion expressed in 2017 when he assured that the cryptocurrency would «collapse».

In an interview published on March 21, Belfort, acknowledged being wrong in his position on bitcoin and assured that he was a «super bear», that is, that he bet on the fall of its price.

«When bitcoin was reaching $ 19,000 at the end of 2017, I was on a TV show and I told the audience that it would collapse, ”Belfort said. He still maintains that he was right at the time, because bitcoin was “hard to sell and easy to buy, all things that contribute to manipulation.”

Another disadvantage suggested by the consultant at that time moment, it was that the regulators were going to reject cryptocurrency , as it was an easy way for money laundering.

«I thought that the bitcoin accounts in Switzerland and the Cayman Islands would be exposed. I thought that bitcoin would initially take hold and then regularize to close, “he said.

Now, in 2021,” The Wolf of Wall Street “ changed his stance radically on bitcoin and believes that the crypto asset is here to stay. ” Bitcoin now has a much larger buyer base than ever, “he said.

Based on this new point of view, Belfort expressed that the price of bitcoin has great opportunities to increase, because its fixed offering provides an advantage over stocks. As he said, “new investors will continue to increase the price” without the issuance of new units being able to deflate it.

Jordan Belfort amassed large sums of money thanks to the fraud scheme known as Pump and Dump , which focused on the so-called penny stocks or stocks of less than a dollar. It consisted of inflating the price of a certain stock through concerted purchases and promotion techniques among small investors ( pump ).

Once the rising stock reached a certain level, the scammers sold everything they had bought, at a significant profit. The massive sale of this stock caused its price to plummet ( dump ).

As a result, Belfort pleaded guilty to securities fraud and money laundering in 1999. After spending two years in prison, he published his experience in the book called “The Wolf of Wall Street”, which would later become a film directed by Martin Scorsese and starring Leonardo Di Caprio.

More experts see bitcoin reaching USD 100,000

The prediction of the increase in the price of bitcoin made by Belfort, is in line with that of other experts and market analysts.

In December 2020, CriptoNoticias reported that analyst Willy Woo published a new predictive model on the price of bitcoin, which foresees a price of USD 200,000 in December 2021 for this cryptocurrency.

Recently, Bobby Lee, founder and current CEO of the purse firm Ballet, prefixed that by the end of this year 2021 bitcoin could reach the price of USD 300,000 and, in a shorter term, predicted the breaking of the USD 100,000 barrier between June and September.

Currently bitcoin maintains bullish momentum. The appreciation of BTC is 7% in the last month and 79.8% so far this year. Additionally, bitcoin’s market capitalization remains above $ 1 trillion and cryptocurrency market capitalization, currently at $ 1.77 trillion, is approaching the record high of $ 2 trillion.

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