Bitcoin Is A Scam Says Jordan Belfort

Wolf Of Wall Street Jordan Belfort Calls Bitcoin A Major Scam That Is About To Crash

Bitcoin

Wolf of Wall Street Jordan Belfort hit the media circuit this week proclaiming that the cryptocurrency Bitcoin is a huge scam. Belfort also predicted that the value of Bitcoin will plummet sooner rather than later.

He told the Financial Times:

Promoters are perpetuating a massive scam of the highest order on everyone. Probably 85% of people out there don't have bad intentions but the problem is 5% or 10% are trying to scam you.

Belfort should know about scams. He ran a $100 million boiler room stock manipulation scheme that landed him in prison.

Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday. It continued to rise even as warnings grew over the risks of investing in the highly volatile and speculative instrument.

Readmore at MFI-Miami

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