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Jordan Belfort, also known as "The Wolf on Wall Street," has posted his views on the state of the cryptocurrency market via his YouTube Channel.
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He mentioned FTX and said that it was a scam. There is no way to avoid the scam.
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Belfort stated that he wouldn't approach cryptocurrencies other than Bitcoin (BTC), and Ethereum (ETH), at the moment.
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He stated that he had yet to sell any of his BTC and ETH holdings as they could prove to be valuable in the future 5-10 years.
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He explained that Bitcoin and Ethereum should be separate from your overall investment portfolio.
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He suggests that you should go through each step to understand the basics of each coin or token before deciding whether to sell it.
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He believes that digital assets have considerable value and that the next evolution of NFTs will be even more significant.
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