Jordan Belfort Believes Dogecoin, Shiba Inu Creators Should Be Sent to Prison


Former Wall Street trader and notorious public figure Jordan Belfort believes that meme coins like Dogecoin and Shiba Inu are an outright hoax and thinks that their founders should be imprisoned. The real “Wolf of Wall Street”, a nickname that Jordan Belfort earned after stealing thousands of dollars in fraudulent stock sales, considers himself a cryptocurrency market enthusiast but does not support tokens with money-losing systems. Belfort, now a motivational speaker, exclusively stated in an interview that he is a fan of blockchain technology “but there is a lot of bullshit out there”.

In his recent interview with a UK-based tabloid, Belfort went after the meme coins, Sun, Notorious American Entrepreneur Said dogecoin and shiba inu, two of the most popular cryptocurrency, has no real value and is of no use.

He then goes a step further and explains that the sole purpose of “s**t coins” was to separate people from their money, questioning their abilities to make people rich.

Although there are many stories of lucky buyers making their fortunes with Shiba InuAccording to Belfort, there are infinitely more people who are crushed by the sensation of a single corner. “You hear crazy stories of people making millions and billions, but for every person like that, 10,000 or 100,000 people get their a** in a Shiba Inu. It’s not a good investment.”

He added that the creators of meme coins, such as MILFCoin, are “dishonest people” who “initiate coins and go into chat rooms and say things that are clearly illegal”.

“People should seriously go to jail – they’re not legal. There’s no way for them to go to work,” Belfort said.

However, he is not against all cryptocurrencies and believes that government regulation would actually be a good thing for coins like the well-established ‘blue chip’. Bitcoin And ether, There have been a lot of calls for governments to regulate the crypto space. The crypto market lacks regulation like traditional financial firms, putting investors at risk of extreme volatility. Investors do not have any kind of assurance or protection in case of problems. As such, Belfort pointed out that people are taking advantage of the unregulated crypto industry.

The Shiba Inu is trading at $0.000043 (approximately Rs.0.003203) with a 5.48 percent drop in its value in the last 24 hours. According to CoinGecko, the meme-based cryptocurrency has maintained its bullish streak for over a week, gaining 13.8 percent.

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