{"id":14934,"date":"2021-12-03T03:54:06","date_gmt":"2021-12-03T03:54:06","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/wolf-of-wall-street-jordan-belfort-warns-about-investing-in-dogecoin-and-shiba-inu-cryptocurrencies\/"},"modified":"2021-12-03T03:54:06","modified_gmt":"2021-12-03T03:54:06","slug":"wolf-of-wall-street-jordan-belfort-warns-about-investing-in-dogecoin-and-shiba-inu-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/wolf-of-wall-street-jordan-belfort-warns-about-investing-in-dogecoin-and-shiba-inu-cryptocurrencies\/","title":{"rendered":"\u2018Wolf of Wall Street\u2019 Jordan Belfort Warns About Investing in Dogecoin and Shiba Inu Cryptocurrencies"},"content":{"rendered":"

Jordan Belfort, the former stockbroker whose memoir was made into a film starring Leonardo DiCaprio, has warned about investing in meme cryptocurrencies, like dogecoin (DOGE) and shiba inu (SHIB). Belfort explained that \u201cPeople are taking advantage of an unregulated market,\u201d emphasizing that \u201cThe sooner governments step in the better it is for crypto.\u201d<\/strong><\/p>\n

The Wolf of Wall Street\u2019s Advice on Dogecoin and Shiba Inu Cryptocurrencies<\/h2>\n

Jordan Belfort, aka the Wolf of Wall Street, has warned investors about putting money in meme cryptocurrencies, like dogecoin (DOGE) and shiba inu (SHIB), in an interview with The Sun, published Tuesday.<\/p>\n

\u201cI\u2019m a fan of blockchain but there\u2019s 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,\u201d he opined.<\/p>\n

Belfort is a former stockbroker whose memoir was adapted into a film titled \u201cThe Wolf of Wall Street,\u201d starring Leonardo DiCaprio and directed by Martin Scorsese. Belfort founded Stratton Oakmont which functioned as a boiler room that marketed penny stocks and defrauded investors with \u201cpump and dump\u201d stock sales. He pleaded guilty to fraud in 1999 and went to prison for 22 months; he is now a motivational speaker.<\/p>\n

\u201cI got greedy. \u2026 Greed is not good,\u201d he said in 2014 at a motivational talk in Dubai.<\/p>\n

The Wolf of Wall Street author told The Sun:<\/p>\n

You hear crazy stories of people making millions and billions but for every person like that there are 10,000 or 100,000 people getting their a** handed to them in shiba inu \u2026 It\u2019s not a proper investment.<\/p>\n

Belfort added: \u201cPeople are taking advantage of an unregulated market and creating shit coins which have no value and have no use.\u201d<\/p>\n

Both dogecoin and shiba inu have gained immense popularity over the past months. At the time of writing, DOGE is the 10th largest crypto by market cap and SHIB is the 13th largest. The price of dogecoin is $0.210057. It has gained more than 6,154% over the past year. Shiba inu\u2019s price is $0.00004284. The meme coin has gained 66,650,613.9% over the past year.<\/p>\n

Belfort then lashed out at crypto investment schemes like MILF coin and yummy coin, stating that \u201cunscrupulous people start the coins and get into a chat room and saying stuff that\u2019s blatantly illegal.\u201d<\/p>\n

He stressed: \u201cPeople should go to jail seriously \u2013 they are not legitimate. There is no way they are ever going to work \u2026 My guess is that someone will end up getting indicted for this stuff.\u201d<\/p>\n

Emphasizing, \u201cWhat I hate about it the most is that legitimate stuff \u2013 it gives those digital coins a bad name,\u201d he opined:<\/p>\n

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.<\/p>\n

What do you think about the Wolf of Wall Street\u2019s advice? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Doge, dogecoin, jordan belfort, leonardo dicaprio, shib, shiba inu, wolf of wall street<\/p>\n","protected":false},"excerpt":{"rendered":"

Jordan Belfort, the former stockbroker whose memoir was made into a film starring Leonardo DiCaprio, has warned about investing in meme cryptocurrencies, like dogecoin (DOGE) and shiba inu (SHIB). Belfort explained that \u201cPeople are taking advantage of an unregulated market,\u201d emphasizing that \u201cThe sooner governments step in the better it is for crypto.\u201d The Wolf…<\/p>\n","protected":false},"author":0,"featured_media":14935,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14934"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14934"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14935"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}