Entrepreneur, speaker, and “Wolf of Wall Street” author Jordan Belfort joins Yahoo Finance Live to discuss the fallout of the FTX collapse and crypto market sell-off.
#jordanbelfort #wolfofwallstreet #yahoofinance #FTX #crypto
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28 Comments
Honestly…I don't want to take advice from an old man about cryptocurrency, NFTs, crypto exchanges etc.
What will happen if sbf gets away with this crime! How many companies will follow suit?
why have this clown on?
Not sure what the value of cryptocurrency is given that virtually all currency is already digital, for the most part. In other words, it's very rare to use hard currency for anything anymore.
The Problem with FTX is they are F***ing Democrats
lol how tf this guy still in the Finacial's
The failure of corporate controls was absolutely intentional and planned in advance. It gives the top executives deniability.
If you regulate crypto you take away the attraction that it offers alot of people in that it is unregulated and easily accessible. I lost a couple of quid with bitcoin and ether ima stick to stocks, least companies like shell and hsbc employ people.
Government regulation is not the answer. Regulation only gives the government control and the ability to manipulate the market. Crypto should remain an unregulated, decentralized global market. Participants simply need to be aware of the risk and volatility. Criminal laws are already in place to punish any entities found to be engaging in fraud.
So unless we create some regulatory organ to bail out people who make bad decisions, people will keep making bad decisions?
Is he lying or does he really not realize what he said there at the end?
How many bad actors are there? In crypto, just count the actors.. that’s the number of bad actors.
This is who invests in crypto. Criminals. And rubes. Can’t forget the rubes whose money is delivered to the criminals using cycles of boom and bust.
The bow draws back to release the arrow into the sky’ …🏹 ….🌎
Bitcoin and Litecoin reward halving supply shock on its way, winter rally will very very soon be in play …👀
Litecoin 2023 mining reward halving closer every second…..⏳
FTX is not the only broker to steal money from traders.
A lot of brokers make it exactly like Pepperstone forex broker. Depositing money into your account is simple, but withdrawing money won't happen.
Wild west? More like opium den!
Why are you asking a criminal
Finally someone talking about real solutions.
If Bitcoin becomes regulated by the Fed, it's crazy growth days will be over.
Speaking of legit exchanges, how is binance not capable of going insolvent when they allow 100x leverage? Say some saudi trillionaire says I want to put a billion up with 100x leverage what he ends up betting on does a 10x now binance owes him a trillion dollars? Do they have something to prevent something like this from happening or are they playing with fire with allowing leverage?
Every thing about usa becoming old west…violence up…
No US Govt regulation, these Companies wanta offshore and NOT pay into the American System… Go tell the Bahamian Govt to regulate them.
Yes, let's make a hero of another scumbag POS on the same scale as SBF……
Crypto is wild now, that's true. But I'm investing my USDT in Bitcoin only now because I can't be sure about altcoins.
Crypto is still the future.
BELFORT PROBABLY ADMIRES FRIED!!! BELFORT IS. LOOKING ON GETTING ON BOARD REGARDING CRYPTO CURRENCY!!! HAHAHA
I'd never jumped onto the crypto bandwagon, because my fear of being hacked and scammed was greater than that of missing out.
FTX is like a frat house as in it smells like a frat house because of the New Balance sneakers.
If Jordan Belfort says something is shady, I pay attention because it must be shady as all hell! 😂
When you buy Crypto, get yourself a cold storage device like Ledger. Put all your crypto into it. Dont have it on any website! basic security means