Jordan Belfort: "Bitcoin Value Will Fall to Zero'

Written by:
Guest
Published on:
Jan/02/2018

‘Way of the Wolf’ author Jordan Belfort explains why the lack of scarcity of bitcoin -- and the readily available forms of other cryptocurrencies -- will ultimately decrease its value close to zero.

"This idea of scarcity is completely false," Belfort claims in response to the idea that only a specific number of Bitcoin will ultimately be mined, and thus help in boosting the crypto-currency's value.  "What happens when you have crypto-currencies is they all trade in one giant basket so, while there might be at least 21 million Bitcoins, every time they create a new crypto-curreny, there's no limit to the amount of crypto-currencies.  It's getting bigger every day."

Watch More Below


Bookmaker accepts most crypto-currencies

video News

Bet on Where Kawhi Leonard Will Play Next Year

Bet on Where Kawhi Leonard Will Play Next Year

With word that Kawhi Leonard wants out of San Antonio, Dave Mason of BetOnline has posted odds on what team he ends up playing for next year.  The Lakers pay $11.50 for every $10 bet.

NJ Governor Bets $20 on Germany to Win World Cup as Sports Betting Kicks Off

New Jersey's governor kicked off a new era of gambling Thursday in the state that led the charge for the entire nation to bet on sports legally.

Man Sought in Slaying of Couple at Circus Circus Casino Hotel in Vegas Captured

The Latest on the arrest of a man sought as the suspect in the killing of two Vietnamese tourists at a Las Vegas Strip hotel-casino

UFC 225 Betting Odds - Whittaker vs Romero 2

On Episode 5 of UFC 225 Embedded, a star-studded media day includes middleweight champion Robert Whittaker, opponent Yoel Romero and former titleholders Holly Holm, Rafael Dos Anjos, Andrei Arlovski, Rashad Evans and Carla Esparza. UFC 225's athletes

Poker Podcaster Joe Ingram’s Claims of Sexual Harassment and Sales Scams Questioned

"The WSOP Phone Charger Sales People MUST BE STOPPED! INVESTIGATION!".  This was the title of poker podcaster Joe Ingram's YouTube video released earlier in the week, but now he's coming under fire.

Syndicate