Bitcoin value will ultimately fall to zero: Jordan Belfort


THE SAME TIME.>>LET’S TALK FACTS.>>JORDAN, THE WAY OF THE WOLF, HE JOINS US NOW. YOU’RE OUT THERE MORNING FOLKS ABOUT THAT COIN ESSENTIALLY AND THERE ARE A LOT OF BIT COIN FANS OUT THERE. THERE’S ALMOST A CULTLIKE FOLLOWING AND TO A DEGREE YOU CAN UNDERSTAND WHY. PEOPLE HAVE LOST CONFIDENCE IN GOVERNMENT AROUND THE WORLD. PEOPLE HAVE LOST FAITH IN CURRENCIES. REMEMBER OUR CRISIS WE PRINTED $5 TRILLION OUT OF THIN AIR AND ONE ELSE CAN CONTROL. WHAT IF IT DOES GO TO 50000 ARE A HUNDRED THOUSAND OR MILLION? WHAT YOU TELL PEOPLE WHO MAY NOT HAVE GOTTEN INTO IT. I DON’T THE PEOPLE ARE GETTING INTO ITç BECAUSE THEY HAVE A DISLIKE FOR FIAT CURRENCIES OR OTHER SCARED THE GOVERNMENT. IT’S JUST NOT WANTING TO MISS OUT ON SOMETHING THAT’S GOING OVER THE BUBBLE. HAS NOTHING TO DO WITH THE IDEALISTIC AND THINKING ABOUT TERMS, THEY WERE ON THAT TRAIN OF THOUGHT BUT NOT THE PEOPLE DRIVING UP. THAT’S NOT WHAT’S GOING ON RIGHT NOW.>>I CAN TELL YOU MY SON JUST OPENED AN ACCOUNT A COUPLE MONTHS AGO AND ALL HIS FRIENDS BEHIND AND THEY LIKE THE THOUGH. THIS IDEA OF SCARCITY IS COMPLETELY FALSE BECAUSE WHAT HAPPENS WHEN YOU HAVE SOMETHING LIKE CRYPTO CURRENCY, THEY ALL TRADE IN ONE GIANT BASKET. THERE MIGHT BE ONLY 21 MILLION THAT COIN BUT EVERY TIME THEY THERE IS MORE CRYPTO CURRENCY. THERE’S NO LIMIT TO THE AMOUNT OF CRYPTO CURRENCY GETTING BIGGER EVERY SIGELL DAY. THERE’S NO SCARCITY. THERE’S NO VALUE, IT’S A BUBBLE, AND I PROMISE YOU, AND YOU’RE RIGHT IT COULD GO TO 50000 OR HUNDRED THOUSAND BUT I AM CERTAIN THAT THE END OF THE DAY IT WILL END UPç CLOSE TO ZERO. THAT’S THE BOTTOM LINE.>>HAVE GOT ONE FOR YOU, ANOTHER ONE, CAPITAL MANAGEMENT, THE PRESIDENT COMPARED THE COIN TO A HIGHLIGHTER. ROLL TAPE.>>THE BEST WAY I CAN EXPLAIN IT, I HAVE IN MY HAND THE BIT HIGHLIGHTER. IT IS WORTH MORE THAN A BIT COIN AND OF COURSE IF SOMEBODY PAID $15000 FOR IT, WALL STREET WOULD START TREATING IT. THE FUTURE EXCHANGE WOULD HAVE YOU TREATING IT ALSO AND YOU’LL HAVE COMPANIES COMING OUT, INSTEAD OF CHANGING THEIR NAME TO BLOCK CHAIN IT WOULD BE WHY GREATER FULL THEORY BUT YOU CAN PAINTING THOUGH.>>WHAT ABOUT GOLD WHOç HAS HELD AMAZING VALUE FOR CENTURIES. AGAIN, LISTEN, I’M NOT IN IT, I’VE NEVER BOUGHT IT, MY SON ASKED ME TOO FOUR YEARS AGO, BUT I WILL SAY TO DO MISS IT OUT OF HAND BECAUSE IT’S NOT A CURRENCY THAT’S PRINTED UP BY GOVERNMENT GOVERNMENT BEHIND IT, THAT COULD BE FOLLY ALSO, NO? HERE I THINK WHAT YOU’RE CONFUSING HERE IS BIT COIN VERSUS BLOCK CHAIN TECHNOLOGY. NUMBER ONE I DON’T THINK THAT COIN EXCELS IS A SCAM. THAT’S NOT THE PROBLEM FOR THE PROBLEM IS THAT BY ITS VERY IT SET UP TO BE MANIPULATED. THERE’S A VIRAL CAMPAIGN GOING AROUND THE WORLD FOR PEOPLE WHO KNOW NOTHING, THEY HAVE NOT BEEN GOING ON RIGHT NOW IN BIT COIN AND THESE CRYPTO CURRENCIES. THEY’RE TAKING THESE WORTHLESS INSTRUMENTSç AND PUFFING UP A STORY THAT’S THE NEXT GREAT THING FOR THIS IS NEVER GOING TO BE A MAINSTREAM CURRENCY. ALSO, ONE DAY THERE WILL BE A CHAIN CURRENCY SPONSORED BY THE GOVERNMENT. YOU THINK THE U.S. GOVERNMENT IS GOING TO ALLOW THERE TO BE SOME FREEDOM OF CURRENCY OUT THERE SOME MASSIVE MONEY-LAUNDERING.>>I DON’T DISAGREE WITH YOU ON THAT I KNOW THERE’S A LOT OF BUBBLES OUT THERE. ULTIMATELY THERE MIGHT BE ONE, TELL ME REAL QUICK, THAT DANCE SCENE WITH LEONARDO DICAPRIO, COULD YOU REALLY DIDN’T LIKE THAT BACK IN THE DAY?

100 thoughts on “Bitcoin value will ultimately fall to zero: Jordan Belfort”

  1. the banks are the biggest criminals in the world fuck the rothchild satanic jew banks crypto is here to save the people put money back to people

  2. the dollar will go to zero, not bitcoin How much does it cost to print a dollar ? How much does it cost to mine a bitcoin ?

  3. Did anyone see his scam in Australia 😂😂
    Why the heck are channels still getting him ??? Oh right Leo DiCaprio made a movie about him..

  4. Bitcoin is no different then the Federal reserve note, that's backed by nothing, & just as worthless. It's no different then Monopoly money that's been given the OK to spend it as though it were real money, for now ! The only reason it was created, is to take the focus off of GOLD, & SILVER, they don't want the people to possess. BECAUSE THERE BUYING IT ALL UP, & your greedy, & have no patients.They discuridged you since 2011, & there plan is working. ALL BY DESIGN ! IN THE END YOU'LL LOOSE EVERYTHING, & WHY? Because that's what they WAN'T, AND YOU CAN'T, OR JUST REFUSE TO SEE THERE MASTER PLAN THEY HAVE In-store FOR YOU. FOOLISH FOOLISH DECISION ! Greed is not good. Loving GOD SHOULD BE THE FIRST, & FOR MOST OVER THE LOVE OF MONEY ! THIS IS A FACT, THAT MOST HAVE FORGOTTEN.

  5. The idiot with the highliter doesn't know shit! Mining a BTC is faaaar more expensive than manufacting this highlighter. All those idiots have to stop coming on TV and spreading FUD.

  6. Guys Bubbles always build up like this. The tribe effect is now kicking in (individuals think they are right because everybody reinforces his views (which is partly reflected in the downvotes of this video)) this tribe effect is also exponential as well as the bubble building. There are two major points which stop it to be a world currency, and there are also a dozen others but these can be repaired/argued against.
    1. 4% of people people owning bitcoin own 96% of all bitcoin which would make them trillionairs without contributing anything to society, and thus institutions, goverment and welthy indivddualy realise this and dont invest there, this means bitcoin is not gonna be a world currency.
    2. Scale its limited to 10 transactions per second which is not nearly enough for anything and the fees are unpayable high. and if the limit is reached who is gonna mine bitcoin? meaning how will transactions be made?

  7. Whats he going on about? Yes many different cryptos can exist, doesn't make them valueless. I thought this guy traded stocks, shouldn't he know better?

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  9. The amount of ignorant people here calling bitcoin the "currency of the people" when they do not realised that it is being controlled..there are shitload of bitcoin mining factory in China and Europe selling off for real money to mindless sheeps..just because it's untraceable doesn't make it immune to manipulation..

  10. bitcoin is being currently mined at the rate of about 2000 per day..given that there are already 16,805,075 btc mined if u do the math it will take around 5 yrs to mine the remaining 4 million btc at this rate…….I know it is said that 2140 will be the year of mining completion but that is obviously somebodys idea of a joke. computing power and greed will increase dramatically and you will see this whole game will just turn into a vehicle for the govt to do its work of managing the money supply using blockchain and many people will lose a ton of their hard earned savings and wealth. This guy knows what its like to lose a ton of money…and he was a real hardcore player by all accounts…so i wouldt dismiss him to quickly. Folks are going to get tired of all this secret key shit and where the hell did i put my offline wallet? crap . Its nicer to have a gold coin in front of you that actually looks pretty.

  11. He might be right but in a different way. I am a crypto investor and supporter. But not listening to his idiotic rantings, we kinda have to acknowledge that bitcoin as a crypto currency sucks compared to other coins…its slower, expensive to do a transfer and has no speed/scaling solution in sight. lightning network or segwit2x are not real solutions. I honestly think in the end, it will be another coin that serves the function that bitcoin is serving now. When that happens bitcoin will go to zero

  12. Ask him if there is any value in Facebook stock since you can create other social media platforms?

  13. What a clueless fucking moron…. Says that Bitcoin's limited supply is meaningless as there are other currencies, billions of other coins…. then 2 mins later talks about a painting that sold for $450m stating "but there's only one of them" ignoring the fact that there are millions/billions of other paintings in existence.

  14. He has no idea wat he is talking…he is regrets not investing in bitcoin and now he is crying bcz people r getting rich..
    Small advice 2 Belford…'Invest in Bitcoin'..

  15. "Currency THEY control and NO ONE ELSE controls"…BS..LOL!
    This statement is more absurd than believing bitcoin has intrinsic value.
    The US dollar, now a fiat currency, is not much better!
    Currency is only strong when based on the physical economy and not the virtual or speculative economy.
    A hyperinflated stock market with or without cryptocurrencies is not an indication that the real economy is doing well.

  16. 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!

  17. He's wrong about scarcity though. Bitcoin is recognized by everyone as the original. Just because a new crypto can be created doesn't mean shit. That has literally nothing to do with BTC circulating supply or max supply.

  18. Trump calls people like him Losers. He has no clue. Uber has no value then Idiot. A Blockchain revolution has started even losers cant stop it. https://tbis.io/

  19. No idea who this anti-Crytpo guy is, but look at the charts… over $1 Trillion USD worth of Crypto already available. It's not going away any time soon. Bitcoin is only still around because it's the oldest. It has name recognition. Functionally, it is not the "best." It's lacking in major areas. Thus came along Ethereum. Still problems there. So another generation came along. The people of the world are not quite ready to adopt Cryptos. Even the Internet took awhile.

  20. I turned off at 2 minutes. When the criminal talked about new cryptocurrencies adding to bitcoin 21 million stash I realized he has no idea what he is talking about. New coins have nothing to do with bitcoin they are just simular there will only ever be 21 million bitcoins there is no clearer way of saying that.

  21. in order for bitcoin to go to 0$ every single person in the world would have to sell there bitcoin at a loss until the price dropped to $0 and they would have to never buy it again in order for it to stay at 0$

    this is a straight lie. the odds of this happening are slim to none

  22. The only things this guy said that's true is that it will ultimately fall to zero. But that's only because everything dies given a enough time. Second yes we all know at some point here most likely sooner rather than later that governments all over the world are going to step in and outlaw any Crypto that is not Controlled either directly or indirectly by the government.

  23. Why do people how haven't done the appropriate research go on live television to talk out of their ass? The only part he got right is the bubble part, but just about everything becomes a bubble at one point or another. That doesn't mean it becomes worthless. Are houses worthless or a bad investment? What about internet companies like google and amazon? Because they were all in a bubble at some point.

  24. $300 "It's a bubble, it's going to pop"
    $1000 "Trust me, it'll burst, just wait a few more months"
    $2500 "Give it a few more days"
    $2000 "Ha, told you all"
    $4000 "It's still a bubble"
    $5500 "Ohh boy, that’s gonna hurt when it bursts"
    $7000 " This is the end , we are close …"
    $9000 " We all knew it wouldn't last "
    $11000 " Within a month it's toast "
    $13000 " It should have never made it this far "

    9 years later ….. and counting …..
    see where this is going….. the only BUBBLE BURST will eventually be FIAT currency .

  25. I just wanted to see a con man that hurt stupid folk with scams he could manipulate. He can't manipulate a fucking half trillion dollar industry..

  26. The only thing that could drive it to near zero is a global Carrington Event, but if that ever happens we will have bigger problems than the blockchain going down.

  27. Bitcoin it’s made by the Government do you believe the government are stupid enough to let a crypto currency dominate the world and shut their banks down?? No way we are the stupid ones who believe government have nothing to be with bitcoin by the way is a way to control us more that way they will know how we move ve our ass every time we do something remember everything is recorded in a history bar anyways good luck with your bitcoin I will keep stacking Gold and silver

  28. Teeka Tiwari predicting bitcoin will be at 25000 this April. He was always right https://www.youtube.com/watch?v=pmUnbMJtIbg

  29. As much as I liked the movie I just cant trust or take advice from someone who spent his young years bullshit everyone, everyday.

  30. How TF does anyone KNOW there are '..only 21 million…" possible bitcoins? That's like predicting how many prime nunmbers will be discovered.

  31. i agree.. me and my friend predicted this is mid 2017… its going to crash to 0.. it has no fundamentals what so ever…

  32. "Bitcoin is incredible and amazing and it's only going to go UP in value forever and ever and it will never come down and it's the perfect investment",
    said every Bitcoin buyer in the world and nobody else.

  33. This guy is a crook, why would anyone take advice from someone like this? He just doesn't understand how big a deal this new tech revolution is

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  35. During the dot-com boom of the 90's tons of people including hedge fund managers stated that all other assets were obsolete compared to tech stock, and they correctly were projecting huge gains in some cases nothing short or 255 – 300% a year. They all said that Ben Graham's way of investing was wrong in this "new era" of investment. Guess what? Graham was not wrong at all. I see this cryptocurrency hype as this new generations same interest. Right now great, you may be making money, but in the long run, you're exchanging something (a means of exchange) for nothing. I would love to see how much attention bitcoin will be getting when it's made illegal by the central governments to make transactions with. As for those of you who think bitcoin will change the world and decentralize. You're not very well educated in history, politics, and especially economics. You're really quite uneducated actually.

  36. Morons…his highliter does shit. His highlighter has no tech. Shows where the idiots are…and big news and business are going to lose.

  37. Everyone here needs to realize that the only reason bitcoin works on blockchain technology is because you have a chain of computers validating the bitcoin transactions. Right now people have no problem and actually are interested in validating bitcoin transactions because they get 1 bitcoin if validated or a portion of a bitcoin if they're in a pool. That being said, once the 21 millionth bitcoin is generated then what incentive will there be to validate any bitcoin transactions? There won't be. This means the value of a bitcoin will fall to 0 because nobody will want to validate transactions or governments will manage it which completely defeats the purpose of it. Same thing will happen to other blockchain cryptocurrencies because there is a limit to how many can "coins" can be made.

  38. TELCOIN no RESENT mention of TELCOIN ??? whats up with that ? :).. less then 2 months old and the biggest unvalued pre-binance listed coin there is….. please look into the latest news on TELCOIN as they dont push out fake media hype so can go unnoticed …..we all value your opinion,, but i think alot of people are sleeping on what this team is doing ….. they dont market and promote they just crack on and build there company.. people should understand they are currently testing there poof of concept with big major mobile phone Telco companies, Telcoin have NDAs with the telcos so they can't announce there partnerships until later in Q2..
    The TELCOIN team is about to list new exchanges in march.. (as per road map) and were invited to present there coin at the latest world telco GSMA summit…. GO TELCOIN 🙂 CHECK THEM OUT

  39. this jordan guy is a idiot, the matter of the fact is people will always have the fear of missing out, so saying this bitcoin may fall 20%, and then it will be right back up

  40. The guy is right. BItcoin will end at $0 or near $0 because of the greater fool theory. The day futures traded on bitcoin was the day the bubble burst. Now a 95-99% correction will follow.

  41. Who thinks BTC will go to 0?

    Old people who are angry they missed out on the .com bubble AND the cryptocurrency bubble

  42. Bitcoins are a scam just like Social Security. Why? It will eventually tank. Big time. Right after the right people build it up to where it's supposed to be, they'll cash in and pull it off the market. Social Security had billions of dollars but the demos took it and put it into the General Fund. Like Socialism, it'll be spent until it's gone.

  43. Bitcoin cannot fall to zero! Because, if it falls to €0.00000001, I buy them all! And then I won't sell them for less than 0.1cent per satoshi or €100,000 per bitcoin!

  44. Bitcoin will continue to be speculative until it is given out as money by employers. Until then, Bitcoin is garbage.

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