Shiba Inu and Dogecoin are “worthless jokes” and shitcoin makers “should be arrested,” says Wolf of Wall Street Jordan Belfort
Jordan Belfort, the former stockbroker whose memoir was turned into a movie starring Leonardo DiCaprio, warned against investing in cryptocurrencies meme such as Dogecoin (DOGE) and Shiba inu (SHIB).
Belfort explained that “People are taking advantage of an unregulated market”, emphasizing that “The sooner governments come in, the better it will be for cryptocurrencies.”
Jordan Belfort, also known as the Wolf of Wall Street, has warned investors against putting money into cryptocurrencies meme such as Dogecoin (DOGE) and Shiba inu (SHIB), in an interview with The Sun, published this week.
“I’m a fan of blockchain but there’s a lot of nonsense out there, a lot of shit coins which serve no purpose and are only there to separate people from their money.” he opined.
The author of Wolf of Wall Street told The Sun:
“You hear crazy stories of people making millions and billions but for every person like that there are 10,000 or a 100,000 people getting their a** handed to them in Shiba Inu.”
“People are taking advantage of an unregulated market and creating shit coins which have no value and have no use.”
Belfort then attacked investment projects like MILF coin and yummy coin, claiming that “unscrupulous people start coins and go into a chat room and say things that are flagrantly illegal.”
“People should go to jail seriously – they are not legitimate. They will never work at all… My guess is someone will end up being indicted for these things. ”
“The sooner governments step in, the better it will be for cryptography, because when authorities start to regulate a black market, it gets bigger and better.”