Jordan Belfort, formerly a stockbroker, now a speaker-author and known as the Wall Street Wolf, backed JP Morgan CEO Jamie Dimon’s words about Bitcoin.
‘It’s not a great model’
Belfort said he believed Dimon’s saying, “Bitcoin is a scam,” and said, “I don’t think it’s a great model.”
Belfort, He stated that digital currencies must be supported by governments, and digital currencies that cannot receive government support will disappear. The Wall Street Founder said that sooner or later a central bank or consortium will issue its own digital currency and that currency will be held.
‘I’m not saying don’t buy Bitcoin’
Belfort’s words, “I’m not saying you shouldn’t buy Bitcoin, what I’m saying is that you should be very careful about investing too much money in something that can disappear very quickly.”