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A notorious Wall Street broker called bitcoin investors "brainwashing" despite constant price increases for cryptocurrency.
Jordan Belfort, whose crimes have formed the plot of the Hollywood movie The Wolf of Wall Street said in a series of interviews to the CNBC that the bitcoin could be useless by the end of the & # 39; year and that will be "the bust heard in the world" when it will happen.
"I was a scammer, to science, and that's exactly what's happening with the bitcoins: the whole thing is so stupid, these guys got brainwashed," Mr Belfort said [19659004] "This thing is about to evaporate like a mirage … people who will be massacred."
But despite these predictions, the price of the most precious cryptocurrency in the world continues to grow. On Tuesday, bitcoin exceeded $ 7,000 for the first time since the beginning of August and continues to exceed this price level.
Earnings also came despite the recent bad news surrounding the cryptocurrency, with the US Securities and Exchange Commission (SEC) rejecting a ruling that could have a major impact on the future of bitcoin.
The ruling refers to an application for a bitcoin exchange-traded fund (ETF), which tracks future contracts on bitcoins. In making its decision, the SEC has raised concerns about fraud and the manipulation of bitcoin markets.
Another proposal for a bitcoin ETF should be decided before September 30th, which is why the price has not been affected.
Bitcoin's volatile history in images
1/8 Satoshi Nakamoto creates the first bitcoin block in 2009
On January 3, 2009 the bitcoin genesis block appeared. It was less than a year after the pseudonym creator Satoshi Nakamoto detailed the cryptocurrency in a document titled "Bitcoin: a peer-to-peer electronic cash system"
Reuters
2/8 Bitcoin is used as currency for the first time
On May 22, 2010, the first bitcoin transaction took place in the real world. Lazlo Hanyecz bought two pizzas for 10,000 bitcoins – the equivalent of $ 90 million at today's prices
Lazlo Hanyecz
3/8 Silk Road opens for business
Bitcoin soon gained notoriety for its use on the obscure web. The Silk Road market, established in 2011, was the first of hundreds of sites to offer illegal drugs and services in exchange for bitcoins
4/8 The first ATM bitcoin appears
On October 29, 2013, the first ATM bitcoin was installed in a coffee shop in Vancouver, Canada. The machine has allowed people to exchange bitcoins for cash
REUTERS / Dimitris Michalakis
5/8 The fall of MtGox
The biggest bitcoin exchange in the world, MtGox, has filed for bankruptcy in February 2014 after losing nearly 750,000 of its bitcoin customers. At that time, this was about 7% of all bitcoins and the market inevitably crashed
Getty Images
6/8 The real Satoshi Nakamoto would stand up
In 2015, the police Australian broke into Craig Wright's house after the businessman claimed to be Satoshi Nakamoto. Subsequently rescinded the complaint
Getty Images
7/8 Bitcoin's big check
On 1 August 2017, an unresolvable dispute within the bitcoin community saw the division of the network . Bitcoin's underlying blockchain technology fork has spawned a new cryptocurrency: Bitcoin cashcoins
REUTERS
8/8 Bitcoin price rockets
By the end of 2017, the bitcoin price is rose to almost $ 20,000. This represented an increase of 1300% compared to its price at the beginning of the year
Reuters
1/8 Satoshi Nakamoto creates the first bitcoin block in 2009
On 3 January 2009, the block of genesis of bitcoins appeared. It was less than a year after the pseudonym creator Satoshi Nakamoto detailed the cryptocurrency in a document titled "Bitcoin: a peer-to-peer electronic cash system"
Reuters
2/8 Bitcoin is used as currency for the first time
On May 22, 2010, the first bitcoin transaction took place in the real world. Lazlo Hanyecz bought two pizzas for 10,000 bitcoins – the equivalent of $ 90 million at today's prices
Lazlo Hanyecz
3/8 Silk Road opens for business
Bitcoin soon gained notoriety for its use on the obscure web. The Silk Road market, established in 2011, was the first of hundreds of sites to offer illegal drugs and services in exchange for bitcoins
4/8 The first ATM bitcoin appears
On October 29, 2013, the first ATM bitcoin was installed in a coffee shop in Vancouver, Canada. The machine allowed people to exchange bitcoins for cash
REUTERS / Dimitris Michalakis
5/8 The fall of MtGox
The biggest bitcoin exchange in the world, MtGox, filed for bankruptcy in February 2014 after losing nearly 750,000 of its bitcoin customers. At that time, this was about 7% of all bitcoins and the market inevitably crashed
Getty Images
6/8 The real Satoshi Nakamoto would stand up
In 2015, the police Australian broke into Craig Wright's house after the businessman claimed to be Satoshi Nakamoto. Subsequently rescinded the complaint
Getty Images
7/8 Bitcoin's big check
On 1 August 2017, an unresolvable dispute within the bitcoin community saw the division of the network . Bitcoin's underlying blockchain technology fork has spawned a new cryptocurrency: Bitcoin cashcoins
REUTERS
8/8 Bitcoin price rockets
By the end of 2017, the bitcoin price is rose to almost $ 20,000. This represented an increase of 1,300% compared to its price at the beginning
Reuters
Cryptocurrency analysts said it would be too early to say whether the recent momentum is the beginning of a recovery of the most prolonged prices, with an investor warning "Do not get me dragged".
Matthew Newton, who works as an analyst at the eToro online investment platform, said: "The reaction to the recent refusal of the ETF has been more subdued than many expected – which is obviously positive. the negative news has not moved the market further down, but for now the sellers could remain without gasoline. "
He added that climbing above $ 7,200" remains challenging ", due to an imbalance between short and long traders currently invested in the cryptocurrency market.
