The former American broker Jordan Belfort, known as the ‘Wolf of Wall Street’, in an interview with The Sun called meme cryptocurrencies Shiba Inu and Dogecoin ‘useless and without value’.
In his view, the creators of these projects exploit an unregulated market and should end up in prison. He warned investors against buying such assets.
“I am a fan of blockchain, but there is a lot of junk there, a lot of crappy coins that serve no purpose other than to separate people from their money,” Belfort said.
He also expressed confidence that regulation would benefit ‘blue chips’, such as Bitcoin and Ethereum. Similar view the former broker said in July.
“I expect that someone will be charged eventually. … The sooner the government intervenes, the better for cryptocurrency,” Belfort said.
Earlier, former NSA and CIA employee Edward Snowden urged his followers on Twitter to refrain from buying Shiba Inu. Later he explained that such tokens do not appeal to him because of a poor sense of humour.
At the end of October Shiba Inu entered the top ten crypto assets by market capitalization at $32.6 billion. On 30 November its price rose by 25% after Kraken announced listing.
According to analysts, Dogecoin proved to be a popular cryptocurrency in search queries across 23 U.S. states.
Back in March, Belfort admitted that he was wrong about Bitcoin. He also predicted the price of digital gold would rise to $100,000.
Later the former broker described himself as a major holder of XRP.
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