In an interview with Yahoo Finance, Jordan Belfort, who became well-known following the blockbuster Wolf of Wall Street, bemoaned his ideas and advised Bitcoin holders to hold onto their investments for at least 36 months because the asset has a strong potential of increasing again during this period.
He also added that, “I would be shocked if you didn’t make money because the underlying fundamentals of Bitcoin are really strong”.
The market icon was against investing into this asset aiding Bill Gates’s biggest fool theory, which ridiculed the purchase of overvalued assets being bought by someone at a higher price.
However, now it seems the cryptocurrencies have won over Belfort’s heart during its last bull period. He now advocates investing in this asset, while also suggesting its high volatile nature and drastic price fluctuations.
However on the flip side he also advised some precautionary measures for Bitcoin
holders not to give up their positions, to make a few prior research and care before investing in any crypto asset.
Also read: Is Ripple’s XRP the Next Bitcoin? Expert Acts on 100% FOMO
