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Money stronger regulation would inspire Bitcoin - says the "Wolf of Wall Street"

23:26  29 july  2021
23:26  29 july  2021 Source:   t3n.de

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ex-stock broker Jordan Belfort - ALIAS "The Wolf of Wall Street" - has pronounced a stronger regulation of crypto currencies such as the Bitcoin. The fear is unfounded.

Bitcoin. © dpa bitcoin.

The former stockbroker Jordan Belfort is likely to be known most because of the filming of its life story in the movie "The Wolf of Wall Street" with Leonardo Dicaprio in the lead role. At the end of the 1990s, Belfort was convicted of money laundering and securities fraud at a four-year prison sentence. In 2017, Belfort had commented on the then booming crypto market and ICO (Initial Coin Offering) called "greatest dizziness of all time" . Now Belfort spoke for a stronger regulation of the Bitcoin.

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Regulation would Pushen Bitcoin and StableCoins

bitcoin and stable coins would benefit from regulations, said Belfort in an interview with Coindesk . The fear of that, which is always pressing on the courses of crypto currencies, was unfounded. To support his thesis, Belfort reminded Belfort's market for Junk Bonds, so-called Ramsh bonds, which was strongly grown after the regulation, as the Futurezone writes . He is shocked, on the other hand, how little the tax authorities against the Stablecoin Tether (USDT) would do. Tether called Belfort as a scam. Belfort Tether had criticized in 2017.

Currently it should give new investigations from the Ministry of Justice against Tether. At least the news agency Bloomberg had reported about it. Tether itself denied the . However, it would not be the first time that Tether is in the visor of authorities . Mostly, the doubts about the complete cover of the USDT promised by Tether stand by reserves. According to Coinmarketcap , Tether / USDT has a market capitalization of just under $ 62 billion US dollars.

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Belforts with growth at the Bitcoin course

criticism expressed Jordan Belfort also in his opinion partly unrealistic course destinations for Bitcoin and Etherum. Here had some analyst: inside last possible bitcoin courses in the six-digit area in view. Belfort itself is much more careful, but also bullish. According to own information, the ex-stock broker has both bitcoin and ethereum. For the coming months, Belfort expects rising courses. Bitcoin will be worth between 45,000 and $ 70,000 at the end of the year. The Etherum Course could therefore be between 3,700 and $ 4,500.

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