The famous Wolf of Wall Street, Jordan Belfort, claims that Bitcoin's success has exceeded his wildest expectations. It is worth mentioning that he was previously a staunch critic of cryptocurrencies. Jordan Belfort changes his mind about BTC In a new interview for the Flagrant 2 podcast, the former stockbroker said that while he was right in predicting Bitcoin's crash in 2017, he didn't predict that the leading cryptocurrency would ultimately be so successful - When I first saw Bitcoin, I thought the technology was great. It was amazing. When I saw that the price was $17,000, $20,000, I thought: "Run! It's going to implode,'" he said. - "I thought that when it [the BTC bubble] burst, eventually [cryptocurrency] would disappear and never come back [to the mainstream], but that didn't happen. I was wrong about that. I thought it would just disappear, but that didn't happen. Why? Because a lot of people believed in it," he added. BTC vs. GameStop Belfort also looks at the fundamentals of Bitcoin and GameStop. He says the two assets are very different in terms of supply dynamics. He also praises the scarcity of BTC and says it is the n strongest element of the top cryptocurrency. - The difference between Bitcoin and GameStop is huge. This, by the way, is a mistake that people make: if you try to think that one relates to the other, it doesn't, he explained. - There is a limited amount of Bitcoin that can be created, and there are very complex and understandable models for creating it, which creates scarcity. There is literally no amount of GameStop that cannot theoretically be issued. It's an infinite number of shares that can be printed, created, so it's not a finite situation. What Bitcoin was able to do was really hit one point. It was simply supply and demand," he added. It's worth mentioning that recently, many former critics of BTC are changing their minds about the cryptocurrency. Elon Musk joked until a few months ago that BTC is just fiat money, but in a different form. Now we have learned that Tesla has bought Bitcoins. We'll probably see more volts like this in the near future. Tags btc Jordan Belfort wolf of wall street
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