Dogecoin (DOGE) and Shiba Inu (SHIB) were fiercely criticized by “Wolf of Wall Street” Jordan Belfort

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2021-12-03 19:53:49

The warnings about the trend of meme coin with two prominent representatives, Dogecoin (DOGE) and Shiba Inu (SHIB) are gradually becoming more dense. Jordan Belfort, who has been dubbed the “Wolf of Wall Street”, is the latest figure to raise this point.

Dogecoin (DOGE) and Shiba Inu (SHIB) were fiercely criticized by “Wolf of Wall Street” Jordan Belfort

In an interview with The Sun this week, Jordan Belfort warned investors to be cautious about investing in Dogecoin (DOGE) and Shiba inu (SHIB). He considers their appearance to be of no value.

“I am a fan of blockchain but there is a lot of nonsense out there, a lot of coins that have no purpose and are just there to take people’s money.”

Jordan Belfort is a former stockbroker whose dark life was turned into a movie titled The Wolf of Wall Street, starring Leonardo DiCaprio and directed by Martin Scorsese.

Belfort founded Stratton Oakmont to act as a marketplace for securities and defraud investors by “pumping and dumping”. He pleaded guilty in 1999 and is now an inspiration to investors in the financial world. Therefore, Belfort’s comments always carry a quality meaning and a point of view worth considering.

“You hear crazy stories about people making millions and billions of dollars but that number is very small when investing in SHIB. It’s not the right investment. They are just taking advantage of an unregulated market and creating coins that have no use.”

– See more: “Wolf of Wall Street” Jordan Belfort predicts Bitcoin will reach 100,000 USD

Both DOGE and SHIB have gained immense popularity over the past months. While the relationship between DOGE and billionaire Elon Musk is still developing positively, SHIB is no less competitive in terms of practical application, from becoming a payment instrument of AMC to a trading giant. Newegg electronics.

However, Belfort frankly stated that the people who are spreading these projects are unscrupulous and defiantly legalize them despite all means. He emphasized that the law should quickly intervene and prosecute to bring fairness to investors and transparency to the entire cryptocurrency market.

“The sooner governments step in, the better for crypto because as the authorities start to regulate a dark market, the picture will become more and more mature and better.”

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