![]() ![]() Additionally, incidents like the Terra ( LUNA) ecosystem crash further strengthened his faith in Bitcoin’s reliability. However, Belfort changed his mind after witnessing Bitcoin’s resurgence from the crypto winter of 2018. According to a Finbold report, Belfort believed that Bitcoin was destined to have zero value due to what he perceived as fraudulent properties of the maiden crypto. #2 Bitcoin is not going to zeroīelfort’s initial view of cryptocurrencies was cautious, as the former stockbroker regarded the sector as fraudulent. “Everyone said, ‘Oh no, the regulators are coming in! So I think it’s a good thing…the sooner that massive regulation comes into the market, the better it is for Bitcoin, stablecoins, and everything else,” said Belfort. ![]()
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