“[Bitcoin] is all based on the Great Fools Theory,” Belfort says in a recent YouTube video. “I know this better than anyone in the world. I’m not proud of that, but I do.” Belfort says bitcoin’s price surges are thanks only to a belief by buyers that there will continue to be ‘greater fools’ who they can sell the asset to at a higher price.”
Jordan Belfort, Former Stockbroker, Convicted Felon · Bitcoin since: +987%
Wolf Of Wall Street Jordan Belfort On Bitcoin: Get Out If You Don't Want To Lose All Of Your Money ↗
A little perspective.
Illustrative value using a Bitcoin price of $67,421, checked Nov 14, 2026, 3:26 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Jordan Belfort appears in 2 recorded obituaries. 74 declarations were recorded in 2018.
Keep the receipt.
Bitcoin Is Dead. “Wolf Of Wall Street Jordan Belfort On Bitcoin: Get Out If You Don't Want To Lose All Of Your Money” — Jordan Belfort, CNBC, June 29, 2018. Bitcoin: $6,203.9. https://bitcoindeaths.com/posts/2018-06-29-wolf-of-wall-street-jordan-belfort-on-bitcoin-get-out-if-you-dont-want-to-lose-all-of-your-money