Bitcoin is a long-term hedge, warns Jordan Belfort
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Jordan Belfort has warned against taking a "12-month or 24-month horizon" when investing in bitcoin. Belfort's story inspired the 2013 Martin Scorsese film The Wolf of Wall Street. Bitcoin has fallen below the psychological $20,000 level into values not seen since 2017. The former Wall Street stockbroker said for ultra low cap cryptos it is best to get in before they are publicly traded on exchanges, and investors should buy in when the project "is offered on a launch pad, or a series A or a seed round" Belfort said that it will take regulation for institutional money to flow into the sector, describing the fraudulent activity in traditional markets as being piecemeal when compared to the murky actions in crypto markets. Source