Infamous penny-stockbroker Jordan Belfort, better known as the Wolf of Wall Street, has reaffirmed his claim that initial coin offerings (ICOs) are the biggest scam ever. Earlier this year, he claimed that Bitcoin is a fraud.
ICOs have become popular to investors worldwide over the past year due to their high returns for early investors. Recently, signs have emerged that some ICOs might just be too good to be true.
Let's separate those statements as one to be calling out Bitcoin and the other one as calling out the altcoins to be a scam. Pretty sure he would be regretting his statement about Bitcoin as it is reaching all time heighs very often. Altcoins and ICOs on the other hand, are proving to be really bad investments and dropping down in value on every turn. Wouldn't be surprised if he had big investments in few ICOs and a backlash there is the eventuality of this statement coming out.