Jordan Belfort,
famous stock trader, "Wolf of Wall Street" says,
Bitcoin is Fraud, and He says He would think many times, before investing in something
which is backed by nothing.
The biggest problem I see with bitcoin – why I would never buy it – is that they could steal them from you. They hack into your phone…I know people who lost all their money like that.
Futher more he Says ::::
[Any] currency [is] always air I guess, when you think about it…But this [bitcoin] is specifically being backed by nothing other than a program that creates artificial scarcity. It seems bizarre to me that it can ever really be sustainable.
“Sooner or later, a central bank or a consortium is going to introduce their own cryptocurrency and that is what’s going to take hold,” the former Wall Street broker stated.
In concluding his thoughts, he added:
I’m not saying that you should or shouldn’t buy bitcoin. What I’m saying is I personally myself would be very very careful about investing a lot of money in something that could vanish very quickly.
