11 C
Friday, July 1, 2022
- Free Advertisement -spot_img
-- Free Advertisement --spot_img
HomeMoney‘Jokes with no value’: Wolf of Wall Street slams these cryptos

Today's Top 10

‘Jokes with no value’: Wolf of Wall Street slams these cryptos

Notorious financier Jordan Belfort, dubbed the Wolf of Wall Street, has blasted meme crypto coins, saying some of their creators should go to jail.

Belfort, who was played on screen by Leonardo DiCaprio in the Oscar-nominated movie ‘The Wolf of Wall Street’, told The Sun that cryptocurrencies such as Shiba Inu and Dogecoin are jokes that have neither value nor use. “People are taking advantage of an unregulated market and creating s**t coins which have no value and have no use,” he said.

“You hear crazy stories of people making millions and billions but for every person like that there are 10,000 or a 100,000 people getting their a** handed to them in Shiba Inu. It’s not a proper investment.”

Belfort, who was jailed in the 1990s for stock market manipulation, also said those behind meme coins should be indicted. “People should go to jail seriously – they are not legitimate. There is no way they are ever going to work.”

“The sooner governments step in the better it is for crypto because when authorities start to regulate a dark market, it gets bigger and better,” Belfort said.

However, the disgraced trader, who is now a successful motivational speaker, praised blockchain technology, saying that he is a fan of it.

Image Credit: Tai Lopez, CC BY 3.0

Source:RT News

No login required to comment. Name, email and web site fields are optional. Please remember to keep comments respectful. We believe in free speech. Unfortunately, due the actions of one online troll, we have had to implement a manual moderation system to ensure online discussion remains civil and constructive. Your views and voice are important. Your comment will be published after moderation unless it contains hate speech or defamatory statements.



Please enter your comment!
Please enter your name here


Daily Life

clear sky
6.7 ° C
7.8 °
6.7 °
83 %
7 %
9 °
12 °
12 °
13 °
15 °
- Make Your Voice Heard -spot_img