In an interview, Balfour admitted that he was mistaken in his assessment. “When it reached $ 19,000 at the end of 2017, I was on a TV show and told the audience it was going to break down.”Remember.
Then he speculated that regulators would reject the cryptocurrency, due to the money laundering risk. “I thought Bitcoin accounts in Switzerland and the Cayman Islands would be exposed. To be standardized at first and then regulated to be closed.”It is to explain.
But now Belfort has changed his position radically because “Bitcoin has a much larger buyer base than ever before.”
In fact, the Wolf of Wall Street believes that the Bitcoin price will continue to rise to $ 100,000 since “The new investors will continue to increase the price.”
Balfour raised large sums of money through a fraud scheme consisting of artificially raising the price of some shares through coordinated purchases by small investors.Once they got their profits, they sold the papers en masse, causing their price to drop
He pleaded guilty to securities fraud and money laundering in 1999 and spent two years in prison.
His form came into effect after he published a book on his experiences, he later moved to the cinema in the movie The wolf of Wall Street, Leonardo DiCaprio Championships.