Jordan Belfort: "Bitcoin Value Will Fall to Zero'

Written by:
Guest
Published on:
Jan/02/2018

‘Way of the Wolf’ author Jordan Belfort explains why the lack of scarcity of bitcoin -- and the readily available forms of other cryptocurrencies -- will ultimately decrease its value close to zero.

"This idea of scarcity is completely false," Belfort claims in response to the idea that only a specific number of Bitcoin will ultimately be mined, and thus help in boosting the crypto-currency's value.  "What happens when you have crypto-currencies is they all trade in one giant basket so, while there might be at least 21 million Bitcoins, every time they create a new crypto-curreny, there's no limit to the amount of crypto-currencies.  It's getting bigger every day."

Watch More Below


Bookmaker accepts most crypto-currencies

video News

80 Percent of Bitcoin Mined: What Next?

80 Percent of Bitcoin Mined: What Next?

A milestone was reached over the weekend after the determination that only 4.2 million Bitcoin tokens are left to be mined meaning that the cryptocurrency is only 20 percent away from reaching its hardwired 21 million token limit.

Can I Play With a Live Dealer Casino Online Using My Mobile Device?

People often ask if it is possible to play a live dealer casino online using one's mobile phone or iPad.  Obviously, the bigger the device, the better the quality. 

Relentless Changes in the UK and EU: APCW Perspectives

Relentless Changes in the UK and EU: APCW Perspectives

This week's news turns to the 'relentless' changes for our industry coming from the UK Gambling Commission and the European Union.

PCA 2018 Main Event Winner Maria Lampropulos Taking Home Over $1 Million

PCA 2018 Main Event Winner Maria Lampropulos Taking Home Over $1 Million

The PokerStars Caribbean Adventure 2018 comes to an historic end with the first woman ever to win the PCA Main Event

Introducing the Virtual Currency Girls

Introducing the Virtual Currency Girls

You know that cryptocurrencies are catching on when the industry gets its own musical act.

Syndicate