Dogecoin and Shiba Inu: ‘Wolf of Wall Street’ Jordan Belfort Warns About Memecoins

Dogecoin and Shiba Inu: ‘Wolf of Wall Street’ Jordan Belfort Warns About Memecoins

  • Jordan Belfort, AKA “Wolf of wall street” movie has warned about investing in meme tokens like Dogecoin and Shiba Inu
  • Belfort stated that people are taking advantage of the stock market to create coins that have no value and use
  • The former stockbroker urged the government to step into the market sooner and regulate it to allow it to get better

Jordan Belfort, the former stockbroker who is famous for being the inspiration for the movie ‘Wolf of Wall Street’ has aimed a dig at meme cryptocurrencies.

The former stockbroker warned investors about putting all their money into shit coins like Dogecoin and Shiba Inu during an interview with The Sun.

A part of his statement during the interview reads:

“I’m a fan of blockchain but there’s a lot of nonsense out there, a lot of shit coins which serve no purpose and are only there to separate people from their money”

Belfort added that although a few people make crazy money from these kinds of investments, 10,000 to 100,000 come out with great losses.

Omicron cryptocurrency

The Stratton Oakmont founder revealed that people are taking advantage of the unregulated market to create cryptocurrency tokens that have no use or value.

Belfort also believes that shit coins give other digital assets a bad reputation and people should begin to go to jail.

The stockbroker turned motivational speaker also urged the government and authorized to step in and regulate the crypto market to allow it to develop.

Read also: Omicron Cryptocurrency Pumps By 1000% as COVID 19 Variant is Named

Dogecoin the 10th largest crypto by market cap has gone up this year by over 6,154% and holds a current value of $0.210057.

Shiba Inu

Shiba Inu also, is up by more than 66,650,613.9% in the past year, with a current value of $0.00004284.

Follow on our social media handles FacebookInstagram, and Twitter to keep up with trending news, breaking news, entertainment news, and hot gist.

Show More

Related Articles

Back to top button