Bitcoin is creating a massive bubble: ‘Wolf of Wall Street’ Jordan Belfort


$300,000 FOR THE FIRST TIME EVER. OKAY, THEY’VE BACKED OFF A LITTLE, BUT THEY’RE STILL WAY UP THERE.>>>HOW ABOUT BITCOIN? WHAT’S THE PRICE RIGHT NOW? JUST UNDER $19,000 PER COPY, 19,100, I SHOULD SAY. JOINING US, THE WOLF OF WALL STREET, HIS NAME IS JORDAN BELFORT. JORDAN, WELCOME TO THE PROGRAM.>>THANK YOU. A SCAM. AND NOW YOU SAY THAT BITCOIN IS A SCAM. ARE YOU GOING TO TELL US WHY? DONE A LOT OF THINKING ABOUT THIS OVER THE WEEKEND BECAUSE I’VE BEEN GETTING SO MUCH TRACTION ON THE BITCOIN THING. EVERYONE’S SO INTERESTED IN HEARING MY OPINION BECAUSE I I DID WHAT YOU SAID, AND I HAVE A REALLY GOOD PURVIEW INTO THAT MINDSET THAT CREATES BUBBLES AND THINGS LIKE THAT. SO BITCOIN ITSELF, IT’S NOT THAT BITCOIN IS A SCAM. THE TECHNOLOGY BEHIND BITCOIN, BLOCK CHAIN TECHNOLOGY, IS NOT A SCAM. THE PEOPLE THAT ACTUALLY INVENTED — THEY’RE NOT SURE WHO, BUT THEY HAD IT WAS MORE OF A SOCIAL EXPERIMENT THAN ALTERNATIVE MONEY. WHAT’S HAPPENED IS THAT THERE’S PEOPLE THAT HAVE USED THIS PLATFORM OF BLOCK CHAIN TECHNOLOGY TO CREATE A MASSIVE MANIPULATION AND A BUBBLE BECAUSE THERE ARE SOME INHERENT PROBLEMS RIGHT NOW BECAUSE WHAT’S HAPPENING IS BITCOIN IS THEORETICALLY CURRENCY, RIGHT? BUT IT’S NOT BEING USED AS A CURRENCY EXCEPT FOR A TINY PORTION OF IT. WHAT HAPPENS IS IT’S LIKE YOU HAVE A STOCK, AND YOU MIGHT HAVE OR LESS. BUT THE FREE TRADING FLOAT WAS ACTUALLY OUT THERE BEING BOUGHT AND SOLD IS VERY, VERY SMALL. INVESTMENT. EVERYBODY, NO ONE’S REALLY USING IT AS CURRENCY, VERY, VERY SMALL. WHAT HAPPENS IS ANY BIT OF BUYING WILL DRIVE IT UP BECAUSE THERE’S NOT SUCH AVAILABLE. — NOT MUCH AVAILABLE. YOU HAVE PEOPLE THAT CAN EASILY DRIVE IT UP, AND WHAT HAPPENS IS, I’LL GIVE YOU AN EXAMPLE. I GET AN E-MAIL SAYING GET RICH WITH BITCOIN IN MY SOCIAL MEDIA. THE NEXT GREAT CRYPTOCURRENCY, GET RICH ON — SO THEY’RE CREATING MASSIVE INTEREST AMONG THE MILLENNIALS WHO DON’T KNOW ABOUT BUBBLES, HAVEN’T LIVED THROUGH ALL THIS STUFF, RIGHT IN AND WHAT’S HAPPENING IS THEY’RE CREATING THIS MASSIVE DEMAND. AND IT’S ALMOST LIKE WHEN IT’S ALL OVER IN THE END AND BITCOIN IS BACK DOWN TO SOME, YOU KNOW, MUCH, MUCH LOWER PRICE — IT MIGHT GO HIGHER STILL, VERY MUCH WE THINKING? IT’S THAT THE PRICE IS RELATED TO NOTHING IN REALITY RIGHT NOW. STUART: OKAY. WE ARE TOLD THAT THERE ARE ABOUT A THOUSAND PEOPLE THAT GOT IN EARLY, BIGTIME INVESTORS, THEY GOT IN EARLY, AND THEY CONTROL 40% OF ALL BITCOINS. THIS IS WHAT YOU’RE TALKING PARTIALLY, YES. STUART: THAT PRICE UP, INSIDERS THAT KNOW EACH OTHER GET IT GOING, GET IT GOING, AND THEY SELL JUST AS THE LITTLE GUY, THE ORDINARY INVESTOR, IS COMING IN AND LEFT HOLDING THE BAG. IS THAT PART OF YOUR THEORY TOO?>>IT’S EVEN WORSEN THAN THAT. IT’S THE EVEN WORSE THAN THAT. THAT’S PART OF IT, FOR SURE. BUT WHAT’S HAPPENING NOW IS BECAUSE OF THE NATURE THAT YOU REALLY CAN’T USE BITCOIN, IT TAKES TOO LONG — THERE’S A LOT OF LIMITS TO BITCOIN. AND ONE DAY VERY SOON THERE’S GOING TO BE ANOTHER TECHNOLOGY PROBABLY SPONSORED BY A MAJOR BANK OR GOVERNMENT THAT’S GOING TO TAKE HOLD AND BE GREAT AND THINGS THAT DON’T LEND ITSELF TO BEING USED VERY QUICKLY AND SO FORTH. WHAT HAPPENS IS WHEN PEOPLE BUY BITCOIN, IT’S NOT THAT THEY GO OUT AND SPEND IT AND IT GOES THEY’RE BEING USED IN THE WORLD. BITCOIN’S NOT BEING USED. IT’S BEING STOWED AWAY. IT KEEPS PUTTING ALL THE FLOAT BIT OF COMMAND, — DEMAND. WE’RE IN THAT WEIRD PHASE, EVERYBODY’S BUYING, THERE’S NO RIGHT NOW. TAKE AWAY THAT BITCOIN ITSELF IS NOT A SCAM, BUT WHAT’S HAPPENING IS THE WAY IT’S BEING TRADED IS A MASSIVE SCAM AND A MASSIVE BUBBLE. STUART: WELL, YOU DID YOUR HOMEWORK –>>DOES THAT MAKE SENSE? STUART: IT MAKES A LOT OF SENSE.>>IT’S BEEN BOTHERING ME BECAUSE I’VE BEEN THINKING ABOUT IT. STUART: YEAH. GOOD STUFF, JORDAN. I’M SORRY, I’M OUT OF TIME, BUT

100 thoughts on “Bitcoin is creating a massive bubble: ‘Wolf of Wall Street’ Jordan Belfort”

  1. Moron. You are a dinosaur looking for a tar pit. Butthurt because you missed the train. You don't get it. The freaking bubble hasn't even started yet.

  2. theres so much crap press about Btc, he's crawling out from under his rock to make a quick buck bc its a great headline- he's a moron – didn't even listen to the video lol "i did a lot of thinking about it over the weekend" hahaha- fagggg

  3. Yeah OK let's take come advice from a fraudster, liar and stock broker manipulator. Do everything opposite of what Jordan Belfort.

  4. Even if it begins to be used as regular currency .. The usage itself will drive the value ..
    The more users
    Will drive the price kinda of like pool right now and is slowly becoming and ocean. Even if a giant whale was to buy out it wouldn't drastically effect the market 😂😂
    Sorry man you need to do a little more thinking .. Fuck what you say and I caught that .. In the next coming years people expect a fucked up version of bitcoin block chain from the goverment so they can fuck you in the ass
    Who would really trust this guy scam artist 😂😂 self promoting peice of shit lol

  5. You mean Tokyo market will close too .. And the rest of the world that has adopted bitcoin ! Not Tokyo!
    Pray for Japan! 😢

  6. THERE IS ONLY ONE WAY BITCOIN CAN HAVE ANY VALUE AND UNTIL THE PEOPLE OF THE WORLD HAVE THERE OWN PERSONAL ENERGY (power) SUPPLY BITCOIN WILL ALWAYS BE WORTHLESS

  7. shocks me that this worthless piece of scum is still invited on TV to talk. He knows nothing about bitcoin. All he knows is how to run scams.

  8. BOOK A ROOM IN YOUR LOCAL MENTAL HOUSE IF YOU ARE TAKING ADVISE FROM THIS GUY!!! OR TRANSFER ALL YOUR WEALTH VIA E-TRANSFER !!! LOL

  9. HELLO. DUMB MOTHER FUCKERS. I TOLD YOU ALL THAT BITCOIN IS A SCAM. BIG BUBBLE. NOTHING THAT BACKS IT. YET. MANY THINK IS GOING TO BE HUGE. NOW. THE SEC HAS SUSPENDED TODAY ALL TRADES WITH BITCOIN. WE TOLD YOU THIS. WE IN WALL STREET THINK OF YOU PEOPLE AS THE DUMBEST THAT CAN BUY ANYTHING WE MAKE UP.

  10. Wait wasn't everyone saying Bitcoin was going to hit $500,000 by year end? Obviously people who bought cheap and early are encouraging people to buy so they can sell and once it crashes they will buy and start encouraging everyone to buy again so they can repeat the process.

  11. Everybody tells you BTC's worth shit but blockchain rules. But when in hell have you seen an industry leader crash in the hottest industry of the moment? Dotcom bubble: did you want to buy Ebay (BTC) or OnSale (BCH, Eth, etc.) ? Who remembers Excite ? Biotech bubble, who survived: AmGen and Genentech. On and on. Throughout a bubble there's always a rush to quality. The secondaries and tertiaries only rise when the poor can't buy the primaries. It's the Motley fools "rule maker" concept. So bottom line, even the Wall Street naysayers praise blockchain, but prime on blockchain is BTC, none other. You can't sink the flag when you lift the ship it's flying on. Duh!
    Another thing about bubbles: they don't crash until there's no fodder left. Fodder are those people slow to make up their minds and buy. So here is my BTC sell signal: when "the wolf" caves in and buys. THEN I'll sell.

  12. I believe it's a bubble. As it has no intrinsic value, all is based on consumer confidence. It's quite easy for the government to destroy consumer confidence if they want to. E.g. no legitimate businesses are allowed to take bitcoin then value are likely to drop very quickly.

  13. Like Bill Burr always says "a psycho can always spot another psycho". Lol I see what Jordan's doing. He's using his name and popularity to try and drive the price down so he can jump on the bitcoin train before it goes up another 10k

  14. When a convicted scammer says one thing, I would by default do the opposite. BTC It has on three occasions already dropped only to rebound and increase equally dramatically. As I right this 1 BTC is $21,000 USD 22 December 2017

  15. If the stock market in general is manipulated by the banks and governments then regardless of bitcoin being very few and having very little actual product – why couldn't it also be manipulated by people in power ??? To me it makes the market exactly the same regardless of supply and demand.

  16. 3:20 he says the government will make a world currency like Bitcoin and everyone will buy, sell receive their wages pay taxes and all with the control of the government. This would be catastrophic and is even in the Bible where it reads: everyone will have the mark of the beast (666) without which you cannot buy or sell. Then, the Jewish bankers will have total control over their slaves. Be careful people.

  17. so we're investing in something thats not being used- like gold stacking like a bank? um…. yeah good! i dont want anyone to use it. lets everyone in the world pick bitcoin and some alt coins and lets make this bitch work!

  18. Instead of ad hominem attacks people should provide logical points why his point of view is wrong. As someone who holds some bitcoin what he says does make sense. One doesn't have to always listen to feel good comments about Bitcoin. It is beneficial to also listen to what the other side has to say. Holding Bitcoin is not a religion. It is technology and like every piece of tech eventually does get replaced with a better one.

  19. Crazy Guy – but i agree .. BitCoin is a SCAM … particulary in Germany most people – and i was speaking with alot – dont want BitCoins .. there already is zero Cash circulating inside tiny towns with the Euro .. but it would become even more worse with bitcoins. We want Cash on the streets and not another bubble inside computers

  20. Eventually the US BEHEMOTH will fall , all other world currencies will follow once the giant is slain . Mark my words the world is a changing and for the better ….. the new KING has arrived …BITCOIN , do not be fooled by imitators they are nothing more than copy cats and will fail miserably get out while you can .

  21. Belfort doesn't know anything about cryptocurrency and I'm surprised the scammer doesn't get a value based currency. I've broke it down in plain-english for folks to understand it https://youtu.be/-4tZEuyjqhU

  22. So this guy flagrantly broke the law and got caught like an idiot for scamming people out of millions but we are supposed to pay him mind because a movie was made about him?! Bitcoin is changing the monetary paradigm but Belfort is clearly too stupid or too well payed to see it.

  23. Why did no-one go on the news during the dotcom and the subprime/housing bubble warning us that those were huge bubbles having the latter put us through the worst crisis in decades?? Oh yeah, I know. They were getting rich while we were losing money, and then we lost our jobs and even our houses.. You know, whether we make money or not after all, is not as important to me as the fact that we are tacking something back that belongs to us. FUD all you want, I'm sticking with crypto!!

  24. Bitcoin is a good investment for anyone ….
    If you buy and hold BITCOIN for the next 4 to 5 years there will be such a wide adoption of the currency worldwide that you won't have to take it out and swap it for dollars or any other currency for the matter.

    But if you're in it to make a quick buck, in my opinion, your wasting your time because as you still have to report any gains to the tax man. Key BUY and HOLD by that time 1 Million US or more per coin is not an unreasonable number. Don't underestimate this future BEHEMOTH .

    Remember only invest what you can afford to lose , everything in life has risk .

  25. hey guys sorry Imma bitcoin virgin here. that just get to me though, can you buy stuff like real stuff with bitcoin or is it just currency thingy?

  26. You don't just walk into a store with a gold bullion either. You exchange it first.  Bitcoin and other alt coins do have value.  Value is determined by the investors who believe in what it does or can do in the future. I hesitate to call people like this idiots, but….

  27. It's bubble but you make a ton of money before it goes. The dot.coms crashed 6 trillion get your money out right before 3 trillion. Go out in the sun. Buy here's how you get started $10 free https://www.coinbase.com/join/5a1ee64bacba2e00f9310c8d

  28. Jordan Belfort made 20 million in 3 hours I think people should listen to him. It takes a wolf to smell out another wolf

  29. dont buy bitcoin, buy shitty penny-stocks from jordan. he is so honest to everyone and would never lie to you! And he would never snitch on his friends 😉

  30. For all the haters, Belforte knows how to play the game. Im still riding this bitch to the top, but also, lets not be too naïve along the way.

  31. This MOTHERFUCKER conned so many people out of their hard earned money, now he is advising us against bitcoin! Why is CNN even entertaining this fool! NOW I am DEFINITELY BUYING CRYPTOS!

  32. Believe in people like Robert Kiyosaki who have a clean slate….Jordan belfort is a fraud a convict who looted money from innocent people….ignore him…he is no good.

  33. I agree with Jordan Belfort, Bitcoin is creating a massive bubble. The technology is great as he said before, but the problem is that it isn't being used for what it's supposed to be used for. It's a cryptocurrency it's used supposed to be used to buy and sell stuff not as an investment. You don't exchange pounds to dollars as an investment you do it so you can buy stuff in America. 

    Cryptocurrency is an amazing idea, that is not being used for what it was made for.

  34. Who gives a fuck about about this stooge!? He's ancient, fake news, not knowing anything about crypto giving fake news. 1 word for you Jordan is = fraud . You're old news, your anus got pounded by big bubba in jail and now you're a bitch to the mainstream media FOX CNN etc scraping to get by like a scab… Just enjoy your life and stay out of this one, you too old.

  35. Who would take this dude seriously. He's a fucking criminal of the highest order. He's a lying physco. This guy should still be in the can for what he did. He's got some balls to show his face.

  36. I agree with him to some extent…Right now speculation has far surpassed utility….It might take years to see bitcoin have a price equal to its utility.

  37. Listen to the biggest scammer of the world guys hes trying to convince you guys he wants to help everyone sell sell let him buy in cheap

  38. People that say Bitcoin is a buble want to crash it, because they feel like they failed to not buy early. People that have influence will say it is a buble, then when the price will crash, the same guy that was saying "it's a buble" will buy a tone, which will ultimatly drive the price up.
    Bitcoin is a way of exchanging value with the best security that has ever been created, "consents", and i am 100% sure alot of millionnaires will turn to it, just to hide their revenu.
    Right now alot of people are trying to crash the price with speculation, but they just want to lower the price so THEY can buy some. i am sure that if bitcoin drops to 4 000 USD, even jordan belfort will buy some because he knows it will ultimatly go up.
    Any how imagine if people could instantly swap bitcoin to cash as soon as they receive their payment, then the sellers wont have to worry about the value of bitcoin at all. Sellers that are going bankrupt because they accepted crypto, they went bankrupt because they didn't retransfer to cash instantly, and they took the risk of keeping it as crypto.

  39. He’s right , the BANKS are already patenting this TECH and making major uses of it, yet not single ICO has any application for this tech. There is no new SUPPLY of money coming it it’s recycled money

  40. why interview a proven scammer. he has no credibility. bitcoin itself is not a scam comes out of ur own mouth. stupid shit. someone gotta put a hit on dis guy if bitcoin survive. he doesnt now the price of freedom. priceless

  41. He's not wrong, look at the exchanges and services offered. There is no market credibility when it comes to Bitcoin. Government just doesn't have laws regulating it's use.

  42. I rather gamble by buying bitcoin than at a casino. 50% chance I’d lose money after 20 years or it’s worth more. I have money I choose bitcoin minus nevada STD’s

  43. Bitcoin will go down as the biggest hyped stock market scam in U.S. History. We have said this also 10 months ago January 2018

  44. Since this Video was aired ShitCoin has dropped over 75%. I wonder How Much of The $1 Billion In ShitCoin did the WinkleVi sell off and put into their Pockets . ZuckerTurd screwed over 3 people the WinkelVi screwed over Thousands .

  45. It's funny watching all of these morons who don't understand crypto recording for etrnity their stupidity for all to see. He is correct that BTC is not being used. YET. When the world cottons on and slowly adopts it … watch it. Here's two guys who literally don't know what they're talking about discussing a topic they know nothing about.

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