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The real “Wolf of Wall Street” Jordan Belfort is now pitching himself as a crypto mastermind.
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Last week he hosted a $ 40,000 cryptocurrency workshop in Miami real estate, Reported by NYT Friday.
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Three years ago, a serious criminal convicted of a former stock broker said Bitcoin was a “massive delusion.”
Jordan Belfort, the real-life inspiration behind The Wolf of Wall Street, hosted his first cryptocurrency workshop last week. The nine participants paid 1 Bitcoin (about $ 40,000) to attend the “Mastermind” class at Belfort’s Miami Estate. New York Times Reported on Friday.
In a video promoting the event, a former stockbroker and a convicted serious criminal said he was making a “heavy investment” in cryptocurrencies and NFTs, which he called the “future of finance.”
Belfort pleaded guilty to defrauding more than 1,500 private investors out of $ 200 million in 1999. After 22 months in prison, Belfort became a motivational speaker by publishing his now-famous memoirs. His TikTok @ wolfofwallstreet has 3.7 million followers.
However, the recent focus on Bitcoin is a complete shift from Belfort’s previous view of cryptocurrencies that he expressed in 2018. YouTube video The title was “The Bitcoin market has finally run out of idiots.”
In the video, Belfort says that the increase in the value of Bitcoin is due to the “bigger idiot” theory. That is, until the market runs out of cheating fools.
“I know this better than anyone else in the world,” he said. “I’m not proud of it, but I do. I lived this, I was the guy on the other side of it. I know what’s going on . “
Since then, he has called cryptocurrencies “massive delusions,” “crazy madness,” and “sunken ships.” Belfort representatives did not respond to Insider’s request for comment.
Belfort’s Cryptography Workshop was marketed as an “intimate financial experience” where participants learned about Metaverse, Cryptography, and decentralized finance. According to a New York Times report, nine guests were selected from 600 applications, including Kazakhstan’s Cryptominer and Idaho’s roofing company’s blockchain podcasters.
Despite his historical dislike of Belfort’s financial regulation, he previously “Large-scale regulation”
Evaluation of digital currencies in a 2021 interview with CoinDesk.
“The sooner a large regulation comes to the market, the better it will be. BitcoinStablecoin, and everything else. “
Read the original article Business Insider
