Browse By

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).

Shiba Inu and Dogecoin are "worthless jokes" and shitcoin makers "should be arrested," says Wolf of Wall Street Jordan Belfort

Shiba Inu and Dogecoin are “worthless jokes” and shitcoin makers “should be arrested,” says Wolf of Wall Street Jordan Belfort

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.”

Belfort added:

“People are taking advantage of an unregulated market and creating shit coins which have no value and have no use.”

Read more:

  • Jordan Belfort, “The Wolf of Wall Street,” believes XRP will hit $10
  • “China was right to ban cryptocurrencies”, says billionaire and Warren Buffett partner Charlie Munger
  • Nassim Taleb takes advantage of the fall to criticize Bitcoin: “It’s not for protection, it’s not a currency, it’s nothing”
  • Both dogecoin and shiba inu have gained immense popularity in recent months. As of this writing, DOGE is the 10th largest cryptocurrency by market value and SHIB is the 13th largest.

    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.”

    He emphasized:

    “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. ”

    Concluding:

    “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.”

    Leave a Reply

    Your email address will not be published. Required fields are marked *