Wolf of Wall Street inspiration Jordan Belfort affords ‘crypto course’ for 1 BTC
Jordan Belfort, the real-life inspiration for “The Wolf of Wall Street,” introduced his first cryptocurrency course referred to as the “mastermind workshop” at his Miami Beach villa for a value of 1 Bitcoin (BTC) per particular person, The New York Times reported.
Nine blockchain aficionados and companies attended Belfort’s cryptocurrency class over the course of a weekend.
Had a good time this weekend at my first ever Crypto Mastermind. Can’t wait to do that once more soon- are you coming to the following one?
— Jordan Belfort (@wolfofwallst) April 11, 2022
In a video promoting the occasion, the previous stockbroker and convicted legal mentioned he has been “closely investing” in crypto and NFTs, which he refers to because the “way forward for finance.”
In 1999, Belfort pled responsible to scamming over 1,500 particular person buyers out of $200 million. Belfort turned a motivational speaker after spending 22 months in jail and publishing his now-famous e book. His TikTok account, @wolfofwallstreet, has over 3.7 million followers.
The newest emphasis on bitcoin, then again, is a pointy departure from Belfort’s prior views on cryptocurrencies, which he voiced in a 2018 YouTube video headlined:
“The Bitcoin Market Has Finally Run Out of Greater Fools.”
During the video, Belfort claims that the rising worth of Bitcoin is because of the “higher idiot” speculation, which asserts that overpriced belongings may be offered for a revenue so long as a “larger idiot” may be discovered. That is till the market runs out of individuals to dupe.
“I do know this higher than anyone else on the planet… I’m not happy with it, however it’s true. I used to be the person on the other aspect of it, and I skilled it. I’m conscious of what’s happening.”
He then describes cryptocurrency as a “mass delusion,” “frickin’ craziness,” and a “sinking ship.”
Belfort’s crypto workshop was billed as an “intimate monetary expertise” wherein visitors would study concerning the metaverse, cryptocurrency, and decentralized finance. The attendees had been picked from a pool of 600 candidates and reportedly paid a single BTC for a seat on the weekend workshop, which additionally included actions like jet ski driving, yachting, and supper at Belfort’s house.
Among these in attendance had been a crypto-miner from Kazakhstan and the proprietor of an Idaho roofing agency.
Despite his long-held aversion to monetary regulation, Belfort beforehand advocated for “huge regulation” of digital forex in 2021, saying:
“The sooner that huge regulation enters the market, the higher for bitcoin, stablecoins, and the whole lot else.”
Belfort claims to have made vital investments in crypto and NFTs.
On the NFT aspect, not less than, he’s placing his cash the place his mouth is. In October 2021, Belfort allegedly paid $423,000 for a Cryptopunk NFT, which he now makes use of as his Twitter profile image.
