‘Almost Safe’ – ‘Wolf Of Wall Street’ issues bullish Bitcoin and Crypto price predictions such as Ethereum, BNB, XRP, Solana, Cardano and Dogecoin Bounce
Bitcoin
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The Bitcoin price last night climbed back above the closely monitored $ 20,000 per bitcoin level, but has since fallen back below it (despite being branded as “the largest Ponzi scheme in human history”). Ethereum has meanwhile led the large crypto market higher, and helped smaller coins BNB
Now, former stockbroker Jordan Belfort, whose financial crimes through the 1990s inspired the film The Wolf from Wall Streethas issued a bullish bitcoin price prediction – and claims that the bitcoin price “almost certainly” will rise over the next three to five years.
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The Bitcoin price peaked at $ 20,000 per bitcoin before falling back, helping to raise the price … [+]
“If you take a horizon of three or maybe five years, I would be shocked if you did not make money because the underlying fundamentals of bitcoin are very strong,” said Belfort. Yahoo Financeand adds that “with reasonable luck”, investors will “almost certainly make money” over a period of just two years.
The Bitcoin price has suffered an almighty crash over the past six months, losing around 70% of its value as the US Federal Reserve leads central banks around the world in raising interest rates and begins to step down the stimulus measures from the pandemic to combat soaring . inflation.
Smaller cryptocurrencies have seen even steeper falls, with the prices of ethereum, BNB, XRP, solana, cardano and dogecoin falling even more.
Bitcoin’s crash in the face of decades of high inflation has damaged the reputation of “digital gold” that had emerged in recent years, but Belfort expects that bitcoin will eventually trade in a similar way to gold.
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The Bitcoin price has risen in the last 24 hours, which has helped the price of ethereum, BNB, XRP, … [+]
– It does not surprise me a bit [bitcoin] do so, and it would be more surprising if bitcoin were already traded as an inflation hedge because it is still very incipient, “said Belfort.
“There is no real institutional ownership in bitcoin, for example, you do not have a teacher pension fund that owns bitcoin for a ten-year hedge, it is not like that yet.”
Over the past two years, the price of bitcoin has skyrocketed, rising to almost $ 70,000 per bitcoin last year, and reflects high-growth technology stocks that led to a huge stock market rise.
“[Bitcoin] has a limited supply, and as inflation continues to rise, there will come a time when bitcoin will start trading more as a value store and less as a growth stock, Belfort said.
