Jordan Belfort, the former stockbroker better known as 'The Wolf of Wall Street,' argued that investors who buy bitcoin (BTC) now will “almost certainly” profit. However, this is not the first time Belfort commented about bitcoin and its future - admitting that he has changed his mind about the coin - and his track record has so far been mixed.
Belfort’s recent prediction for how bitcoin will perform going forward was shared during a video interview with Yahoo Finance at the very end of June. “With reasonable luck, I think if you take a 24-month horizon you’ll almost certainly make money,” Belfort said during the interview. He added:
“If you take a three or maybe five-year horizon, I would be shocked if you didn't make money because the underlying fundamentals of bitcoin are really strong.”
Asked for his top three investment picks for “a long-term play,” Belfort replied by recommending “bitcoin,” “ethereum,” and “bitcoin” as his first, second, and third favorite picks.
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