Belfort stated that there are only two cryptocurrencies on which investors should increase their focus to invest: Bitcoin and Ether.
Jordan Belfort’s key strategy—
Jordan Belfort, an American entrepreneur and stockbroker, believes investors should deal with only two cryptocurrencies in the crypto market: Bitcoin (BTC) and Ether (ETH).
He advised customers to invest least as possible funds because of cryptocurrency’s risk and volatility features.
Belfort uploaded a video on youtube named “My Current Crypto Update.” He talks about two most controversial topics, such as the FTX fallout, and the second one is the two most important crypto investments.
He stated that the exchange was nothing more than a scam and its destiny; no one can protect users from becoming victims of the turmoil.
Instead of these market turmoils, users should not remove their focus from Bitcoin and Ether. As per Jordan Belfort, during this ongoing bear market, investors should deal with the two largest cryptocurrencies by market capitalization.
He addressed, “Outside of those two coins – I literally would not be touching crypto right now with a 10-foot pole.”
Belfort shared his market strategies: he hasn’t purchased any new crypto or sold his holding. He believes that his investment will take at least five to ten years to offer profit.
He addresses, “I haven’t sold even one, and I’m buying more. That’s not to say that I don’t think it’s going low because I do think it’s probably going to go a bit lower in the short term. But I believe in the long term that if you hold these coins for five or ten years, I believe those two have an excellent shot of being substantially higher than what they are today.”
Jordan Belfort also mentioned that he was not interested in Bitcoin a few years ago, but he got impressed by crypto in 2021 and claimed in 2018 that it is based on the Great Fools Theory and is “going away.”
In 2021 he got impressed and paid attention to the advanced features of Bitcoin during Covid-19. He predicted the price could increase by $100,000 by the end of last year. But the prediction went wrong, but he still supports bitcoin and suggests that to view bitcoin as a long-term investment.