It is likely that if we mention the name Jordan Belfort, the same will mean little or nothing to you. But if instead we tell you about the “wolf of Wall Street” you will certainly remember the book or at least the film starring Leonardo DiCaprio. Which narrated the rise and fall of Belfort in the world of finance. And now, after being released from prison and having reformed, the Wall Street wolf predicts what the price of Bitcoin will be.
The Wall Street wolf speaks
If anyone is capable of talking about the world of finance, this is definitely Jordan Belfort. And it is that, the wolf of Wall Street made a fortune swindling small investors in the stock market, before being jailed by its immoral financial practices. That’s why, and despite now devoting himself to being a motivational speaker, Belfort remains one of the best-informed men about the true workings of the market.
However, the Wall Street wolf didn’t always get it right, and it actually didn’t when it came to Bitcoin. So, in 2017, Belfort was betting on a drop in the price of digital currency. Quite the opposite, as he admitted in a recently published interview, in which he acknowledges his mistake and changes his attitude towards the future of BTC.
«When Bitcoin was reaching USD 19,000 at the end of 2017, I was on a TV show and I told the audience that it would collapse (…) I thought Bitcoin accounts in Switzerland and the Cayman Islands would be exposed . I thought Bitcoin would initially strengthen and then regularize to close». Belfort commented at the time, referring to the possibility of using Bitcoin for the legitimation of capital, which he said would lead to digital currency being rejected by regulatory agencies.
Where is the price of Bitcoin going?
However, time has run out to prove the Wall Street wolf’s mistake. Not only has BTC managed to keep its price, but it has risen dramatically in recent months, making it one of the most valued assets on the market. And leading regulatory agencies to plan new methods to regulate Bitcoin without banning it.
Thanks to this, Belfort has changed its stance, and now recognizes that Bitcoin is a financial asset with a future. Commenting that “Bitcoin now has a much larger buyer base than ever” which, thanks to its fixed offer, will allow the price of BTC to increase over time, as new buyers enter the market without there is an equal increase in Bitcoins offered.
All of this allows Jordan Belfort to predict that the price of Bitcoin will reach $ 100,000. Placing the Wall Street wolf on the side of the most optimistic analysts in the crypto market. For those for whom the price of digital currency will continue to rise for the rest of the year.