Evolution of Views: Jordan Belfort on Bitcoin, Ethereum and NFTs
Date: 2024-04-19 Author: Oliver Abernathy Categories: IN WORLD
Jordan Belfort, known worldwide as the “Wolf of Wall Street,” has gone through a full cycle from skepticism to enthusiasm for cryptocurrencies and new technologies. In a conversation with Benzinga CEO Jason Raznick, he shared his new views on Bitcoin, Ethereum and non-fungible tokens.
Bitcoin: From Madness to Sanity
Belfort started out with an outright distrust of cryptocurrencies, but over time his views have changed. He recognized Bitcoin and Ethereum as stores of value, especially in light of growing institutional interest in these assets.
Skepticism About NFTs
Despite the popularity of non-fungible tokens, Belfort remains skeptical. He has shied away from creating his own NFTs, fearing their long-term value and describing many projects as potentially disastrous.
Drawing on his experience in the world of financial investing, Belfort cautions against taking risky bets on penny stocks, calling for a cautious approach and prioritizing companies' fundamentals.
Long-Term Investing and Index Funds
Belfort recommends a long-term strategy centered around an S&P 500 index fund, which he believes is the most stable path to increasing investment capital.
Coverage in the Book "Wolf Investing"
In his upcoming book, Wolf of Investing, Belfort promises to go deeper into his strategies and concepts, helping investors better understand financial mechanics and improve their financial literacy.
