According to Wolf of Wall Street, profits from Bitcoin might be realized in three to five years.
The illustrious stockbroker Jordan Belfort, whose biography served as the basis for the critically acclaimed film “The Wolf of Wall Street,” which was released in 2013, has remarked that he would be surprised if an investment in Bitcoin would not prove lucrative within the next three to five years.
When considering an investment in Bitcoin, the prominent consultant and sales coach who was once convicted of committing financial crimes advised investors to focus on the long term rather than a shorter time frame of 12 or 24 months.
Because this kind of asset has a strong possibility of increasing in value during this time period, Jordan Belfort, who is now an author and public speaker, advises investors in Bitcoin to hold on to their holdings for at least 36 months. He makes this recommendation in order to emphasize the significance of this point.
Jordan Belfort has not always been sympathetic to the predicament of bitcoin, which is now the most popular cryptocurrency in the world. In 2018, he said that Bitcoin is based on the Great Fools Theory and that investors should leave its system to save themselves from losing all of their money. He also suggested that Bitcoin should be banned.
According to statistics provided by CoinGecko, Belfort’s remarks come at a time when Bitcoin prices have dropped by more than 55 percent year-to-date to a level lower than 20,000 United States Dollars.
It has a limited supply, and as inflation keeps going and going, there will come a time when Bitcoin will start to trade more like a store of value and less like a growth stock, according to Belfort, who now believes that the underlying fundamentals of Bitcoin are strong.
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Source: https://thecryptobasic.com/2022/07/06/wolf-of-wall-street-predicts-bitcoin-profits-in-three-to-five-years/?utm_source=rss&utm_medium=rss&utm_campaign=wolf-of-wall-street-predicts-bitcoin-profits-in-three-to-five-years