- According to him, in 2018, Bitcoin is based on the Great Fools Theory.
- Investment in Bitcoin should be held for at least 36 months, advises Jordan Belfort.
Jordan Belfort, the real-life stockbroker made famous in the 2013 blockbuster film “The Wolf of Wall Street,” said he would be “shocked” if investment in Bitcoin didn’t pay off within the next three to five years.
On the new Yahoo Finance episode, The Crypto Mile, the guy whose autobiography inspired the Martin Scorsese film recommended that investors think of Bitcoin as a long-term insurance policy against economic volatility.
At times, Jordan Belfort has been less than sympathetic to Bitcoin’s situation. According to him, in 2018, Bitcoin is based on the Great Fools Theory, and investors should leave the system to prevent losing all of their money.
Asset Likely to Appreciate in Value
In the last 24 hours, Bitcoin hit a high of $20,431. In terms of market value, Bitcoin is trading in a range-bound pattern, up 1.70 percent in the last 24 hours. Investment in Bitcoin should be held for at least 36 months, advises Jordan Belfort, an author and public speaker, since this asset is very likely to appreciate in value during this period.
Investing in long-term protocols is one of two crypto investments suggested by Belfort. Alternatively, a small amount of money may be invested early in crypto enterprises with a low market capitalization bearing the potential for significant rewards.
Some Bitcoin traders’ success may be down to “luck,” according to the Wall Street expert. He said investors would profit handsomely from their Bitcoin investments if the odds were in their favor. According to Glassnode’s statistics, June was Bitcoin’s worst-performing month in the prior eleven years. The second quarter of this year also saw BTC lose approximately 60 percent of its value compared to last year.
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