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Wolf of Wall Street Charges $40,000 for 2-Day Crypto Workshop: NYT


  • Jordan Belfort, the real-life “Wolf of Wall Avenue,” is now advertising and marketing himself as a crypto mastermind.
  • Final week, he hosted a $40,000 cryptocurrency workshop at his Miami property, NYT reported Friday.
  • Three years in the past, the previous stockbroker and convicted felon stated Bitcoin was a “mass delusion.”

Jordan Belfort, the real-life inspiration behind “The Wolf of Wall Avenue,” hosted his first cryptocurrency workshop final week. Its 9 attendees paid one Bitcoin — or roughly $40,000 — to attend the “mastermind” class held at Belfort’s Miami property, The New York Instances reported Friday. 

In a video selling the occasion, the previous inventory dealer and convicted felon stated he is been “closely investing” in crypto and NFT’s, which he referred to as the “way forward for finance.” 

Belfort pleaded responsible in 1999 to defrauding greater than 1,500 particular person traders out of $200 million. After serving 22 months in jail, Belfort revealed his now-famous memoir and have become a motivational speaker. His TikTok @wolfofwallstreet has 3.7 million followers. 

The latest concentrate on bitcoin, nevertheless, is a stark flip from Belfort’s earlier views on cryptocurrency, which he expressed in a 2018 YouTube video titled “The Bitcoin Market has Lastly Run Out of Higher Fools.”

 

In the course of the video, Belfort says the growing worth of Bitcoin is due to the “larger idiot” idea, which states that overvalued belongings can nonetheless be offered for revenue if you’ll find a “larger idiot.” That’s, till the market runs out of fools to trick. 

“I do know this higher than anybody on this planet,” he stated. “I am not pleased with that however I do. I lived this, I used to be the man on the opposite aspect of it. I do know what is going on on.” 

He then goes on to name crypto a “mass delusion,” “frickin’ madness,” and a “sinking ship.” A consultant for Belfort didn’t reply to Insider’s request for remark. 

Belfort’s crypto workshop was marketed as an “intimate monetary expertise” the place attendees be taught concerning the metaverse, crypto, and decentralized finance. Based on The New York Instances report, 9 visitors had been chosen from 600 purposes, together with a crypto miner from Kazakhstan and a blockchain podcaster with a roofing firm in Idaho. 

Regardless of Belfort’s historic distaste for monetary regulation, he beforehand referred to as for “large regulation”
of digital foreign money in a 2021 interview with CoinDesk. 

“The earlier that large regulation comes into the market, the higher it’s for bitcoin, stablecoins, and the whole lot else,” he stated. 





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