Former American broker Jordan Belfort, known as the “Wolf of Wall Street”, compared small-cap digital assets to “garbage” stocks in an interview with The Crypto Mile.

“Other than a very early entry, I don’t think there is any research you can do to protect yourself against these ultra-low-capital assets,” he said.

There is a lot of money to be made in this segment, Belfort said, but most scrap stock buyers will lose their money.

It warned investors not to buy such assets unless they are willing to set aside a certain amount of their portfolio for gambling.

“Wolf of Wall Street” said that he views Bitcoin and Ethereum primarily as reliable digital assets because of their strong fundamentals.

“I think it was just a matter of time before […] Bitcoin will mature to trade as a store of value rather than a growth stock,” he explained.

In 2018, Belfort said that retail investors in the first cryptocurrency were brainwashed. A few years later, he changed his mind, like many other investors and financiers.

Recall that in July 2022, The Wolf of Wall Street called Bitcoin a long-term hedge against inflation.

Earlier, the meme criticized cryptocurrencies Shiba Inu and Dogecoin for their lack of value. According to him, the creators of these projects use an unregulated market and should go to jail.

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