Jordan Belfort, aka the Wolf of Wall Street, says if you take a three, four, or five-year horizon, he would be shocked if you didn’t make money investing in bitcoin because the underlying fundamentals are really strong.
I think if you take a three, four, five year horizon, I would be shocked if you didn’t make money because the underlying fundamentals, I believe, are really strong.
He noted: “There’s a limited supply and as inflation does keep going and going and going, at some point in time, there’ll be enough maturity with bitcoin where it starts to be treated more like a store of value and less like a growth stock.”
Belfort was also asked what he would recommend for a long-term retail crypto investor. He said number one would be bitcoin (BTC) and number two would be ethereum (ETH).
At the time of writing, bitcoin is trading at $21,038, up 9% in the past seven days but down 38% over a one-year period.
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