Wolf of Wall Street Says Bitcoin Investors Will ‘Almost Certainly Profit,’ But What’s His Bitcoin Track Record Like?

cryptonews.com:

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.

The praise of Bitcoin as an investment asset marks a sharp turnaround for Belfort, who as recently as in 2018 was of the opinion that bitcoin is based on the ‘greater fool theory’, advising holders to get rid of their coins before they lost all value.

However, that was not the only time Belfort predicted bitcoin's demise - and, over time, his comments would slowly transform into more positive ones.

December 2017

“It’s a bubble, for sure,” Belfort said on CNN in December of 2017, while also adding a stark warning about other cryptoassets, saying that “people are using the success of bitcoin to create these massive pump and dumps.”

“Remember in the Tulip bubble, when they started trading futures on tulips […] you got another move up, and then all of the sudden