Jordan Belfortthe famous American stockbroker and inspiration of the movie “The wolf of Wall Street”, advised existing cryptocurrency investors to only buy bitcoin (BTC) y ethereum (ETH).
Belfort indicated that, in the current cryptocurrency market crisismost large investors have not sold their assets in bitcoin in ethereum and are regarding to buy more.
“Aside from bitcoin and ethereum, I wouldn’t touch any other cryptocurrency at this time. If you own these digital assetsNow is the worst time to sell them,” Belfort said during the transmission of a podcast on your YouTube account.
The American speaker and former broker stated that the current market for digital assets is comparable to the “dotcom bubble”, caused by a strong speculative cycle between 1997 and 2001.
At that time, a period of uncontrolled growth in the value of the shares was unleashed. internet related companies that ended up exploding and causing a serious crisis.
He recalled that of the early internet companies the giant arose from Amazonbut then 99% of investors in the sector fell into an abyss, quoted Forklog.
Bitcoin and ethereum growth prospects
Jordan Belfort assured that within 5 to 10 years the bitcoin growth and ethereum will be positive. In addition, he did not rule out a further price drop in the near future.
“If you can keep funds in bitcoin and ethereum for five to 10 years, definitely its value will increase more than it is at this level”, he recommended to investors.
Similarly, the famous American stockbroker explained that with a “aggressive approach”, the funds in these cryptocurrencies must not exceed the 10%. She said it’s “preferable to invest” most of the funds in traditional assets.
“The best investment is to buy shares of companies in the Standard & Poor’s 500 stock index or in one of the other low-cost mutual funds”, he pointed out.
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Now you can buy bitcoins with local currencies from Latin America and without commissions on Binance
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