Low cap crypto is like penny stocks, says Wolf of Wall Street
“I don’t think there’s any amount of research that you can do to protect yourself from these ultra low cap [assets], except getting in really, really early,” said Jordan Belfort. Former stockbroker Jordan Belfort, known colloquially as the “Wolf of Wall Street” has likened low market cap crypto assets to penny stocks due to their extreme price volatility. Penny stocks refer to highly speculative shares priced under $1 from small and unknown companies. Generally they either fetch massive returns for investors or crash and burn dramatically. Belfort's rise to prominence in the 90s and....
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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.
The Wolf of Wall Street Shares Bitcoin Outlook
Jordan Belfort, aka the Wolf of Wall Street, recently shared his outlook for bitcoin on Yahoo Finance’s The Crypto Mile show.
Belfort is a former stockbroker whose memoir was adapted into a film titled “The Wolf of Wall Street,” starring Leonardo DiCaprio and directed by....
Bitcoin and Crypto's are like no other currency or asset out there - they are the penny stocks of today and instead of moving on the machinations of a Wolf of Wall Street boiler room, they move on the whims of everyone and anyone as well as the charts of the technical analysts and the press. The “Holy Grail” of trading is knowing something is going to happen before it happens – so Gordon Gecko’s listen up. The world over, analysts investors and traders are always looking to find the best way to be more sure of what tomorrow brings, with black boxes churning through petabytes of data to....
Feb. 4 delivers more of the same for both tech stocks and crypto, with Bitcoin adding $1,000 on the Wall Street open. Bitcoin (BTC) kept investors guessing with tech stocks as Wall Street opened on Feb. 4, circling $38,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewStocks continue volatilityData from Cointelegraph Markets Pro and TradingView followed a ranging overnight period for BTC/USD, bulls hoping for clearer validation of recent gains.After 15% daily gains the day before, Amazon (AMZN) continued its uptrend on Feb. 4, jumping 10% at the open, while embattled Meta (FB)....
Buying bitcoin and other major cryptocurrencies in 2020 has proven to be a winning strategy. But crypto investors looking to diversify their digital currency exposure should consider including stocks that offer exposure to specific companies with ties to cryptocurrencies. Penny stocks with small exposure to cryptocurrencies like Overstock.com (NASDAQ: OSTK) soared during the recent crypto boom. Investors hoping to find the next hidden gem have several penny stocks to watch. Canaan and Ebang International Holdings […]
Bitcoin can go sideways and south, but as we speak, the world’s most popular – and resilient crypto – is alive and kicking. The Wolf of Wall Street, like every other analyst and market expert, makes mistakes, especially on predicting the fate of Bitcoin. Belfort recently gave an interview where he said he was wrong […]