Former American broker Jordan Belfort, known as the “Wolf of Wall Street”, has called for buying bitcoin for more than one to two years as a long-term hedge against inflation.

According to the expert, the probability of making a profit increases with the increase in the investment horizon.

“If you have a horizon of three or five years, I’d be very surprised if you don’t win. The fundamentals of Bitcoin are really strong.”explained.

https://www.youtube.com/watch?v=j8bd2paHyds

“It has a limited supply. As inflation continues to rise, there will come a time when bitcoin begins to trade more as a store of value than a growth stock. expert explained.

Belfort explained the current high correlation of the first cryptocurrency with the Nasdaq index, according to the stage of formation. For him, this is expressed in the absence of “real institutional ownership” that can be resolved through regulation.

“You can raise funds in the cryptocurrency market. But there is no explanation fraught with a bad outcome.”explained.

Wolf of Wall Street advised investors to pay attention to the team and the benefit of the project in the first place. In his opinion, it is worth avoiding those that cannot compete with centralized alternatives.

Recall that at the end of 2021, Belfort called the Shiba Inu and Dogecoin meme-cryptocurrencies “useless and worthless”.

Earlier, the former broker admitted to being a “big XRP owner”.

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