Jordan Belfort calls for abandoning meme cryptocurrencies and sending their creators to prison

Jordan Belfort criticized the comic cryptocurrencies Dogecoin and Shiba Inu, and also urged to send the creators of tokens to prison.

What is known

Dogecoin and Shiba Inu were created as a joke, but have gained immense popularity. In the spring of 2021, the price of DOGE increased several times, getting close to $ 1, but after one of Elon Musk's speeches, it collapsed sharply. For half a year, the token has been trading in the range of $ 0.2-0.3. Now the price is $ 0.206

Shiba Inu costs a thousand times cheaper ($ 0.000043 at the time of writing), but the popularity of the cryptocurrency is not to be held. Recently one of the users sold a house and acquired 4 billion digital coins hoping to get rich.

Jordan Belfort, a former stock broker whose story was told by Martin Scorsese in The Wolf of Wall Street, calls himself a blockchain proponent but urges investors to stop investing in joke coins. According to him, Dogecoin and Shiba Inu are useless digital currencies and carry no value. As an example, he recalled the collapsed altcoins MILF Coin and Yummy Coin.

Belfort admits that some investors were able to make money with prank tokens, but for every lucky person there are up to 100,000 people who lost money investing in memecoins. Projects like Shiba Inu and Dogecoin are creating a bad reputation for legal cryptocurrency.

A source: The sun