2022 has been a very difficult year for Bitcoin and the crypto market. BTC has decreased by about 65% in the first 11 months of the year. Then, when BTC appeared to gain price stability at $20,000, FTX contagion erupted. The untoward event has driven the leading coin, Bitcoin, down around 75% from its peak price of $68,789. BTC is currently trading at $16,823.
Bitcoin still shows more promise than the rest of the altcoins, however. Therefore, several experts still believe that potential cryptocurrency investors could go for BTC now as it forecasts a positive future. As for the Ethereum token, its price change over the last 24 hours is -1.94%, with a trading price just above the $1,200 mark. Ethereum is also likely profitable in the long run, given the transition to 2.0 and the potential to revolutionize the web.
Bitcoin and Ethereum As Profitable Investment Options
Meanwhile, a well-known stockbroker, Jordan Belfort, has offered his thoughts on the profitability of Bitcoin and Ethereum. In his comment, he stated that both digital tokens are the most secure ones to venture on. Warns crypto investors against entering the ecosystem with little capital. This is because these digital tokens have unpredictable risks and volatility. He also provided some background information on the current FTX incident.
He cited the fact that investors were unable to recognize the exchange scam. This does not, however, constitute a reason to disregard Bitcoin and Ethereum investments. Uch transactions take place regardless of the value of the securities and will continue until the market is free of major suckers. The name The Wolf of Wall Street was inspired by the popular 2013 film: The Wolf of Wall Street.
It is a film written by Terence Winter and directed by Martin Scorsese. The plot revolves around Jordan Belfort from 2007, who showed great passion as a stockbroker in NYC (New York), USA. The stockbroker also revealed that its BTC holdings are still intact, and more purchases have already been made. His actions are backed by the belief that BTC will generate tremendous ROI in a decade or less.
‘Wolf of Wall Street on Crypto Adoption
Belfort, also known as the “Wolf of Wall Street,” shared information about his past dealings with him. At that time, most of his dealings were related to the “Big Dummies Theory.” This theory proposes high prices due to overpricing. Securities are sold to so-called big suckers. Such transactions happen regardless of how much the securities are worth, and they will keep happening until there are no more significant losers on the market. The Wolf of Wall Street, a well-liked movie from 2013, inspired the moniker.
Martin Scorsese is the director, and Terence Winter is the movie’s writer. The plot revolves around Jordan Belfort from 2007, who showed great passion as a stockbroker in NYC (New York), USA.
At the beginning of 2021, the stockbroker observed the rapid development of Bitcoin and finally decided to participate. During the period, Belfort expected the BTC price to surge to $100,000 before the end of 2021. His rationale was based on the maximum token supply of 21 million coins. Though the expectation was never met, his hopes are still high, as evidenced by how he speaks highly of the coin. In his opinion, investors should expect Bitcoin to start performing poorly later.
Instead, if you want to get the most out of the coin, you should invest with a long-term perspective.