Rose

United

Secret

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 <p class="paragraph">With the cryptocurrency market feeling the pressure of Changpeng Zhao, the CEO of crypto trading platform Binance, stepping down and facing 18 months in prison as part of a settlement with the United States Securities and Exchange Commission (SEC), the infamous ‘Wall of Wall Street’ sees the silver lining.</p> 
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 <p class="paragraph">Indeed, according to Jordan Belfort, “bear <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> is the best time to invest” in <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies, as he surmised in an interview with a venture capitalist, <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> investor, educator, and ‘<em>London Real’</em> host Brian Rose in<em> ‘The Wolf’s Den Podcast’ </em>episode streamed on November 21.</p> 
 <h2 class="wp-block-heading" id="h-secret-to-investing-wisely-in-crypto">Secret to investing wisely in crypto</h2> 
 <p class="paragraph">Specifically, as Belfort explained:</p> 
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  <p class="paragraph">“The secret to investing wisely with this type of speculative investment is that you want to be buying when things look terrible. The time to make the best investments is during a bear market. We all saw the crypto market basically unravel, punctuated with the bankruptcy of FTX and Sam Bankman-Fried.”</p> 
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 <p class="paragraph">Echoing his sentiment, Rose said that the bear <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> was “the perfect time to invest” because “you want to buy when other people are fearful,” describing his experience with investments in this particular industry and sharing enthusiasm regarding blockchain, “where you can literally own your digital property.”</p> 
 <p class="paragraph">As he explained: “All the smart people on Wall Street say, ‘You don’t make money when you sell, you make money when you buy,’ and so we’ve been buying at really low valuations only on deals with the best partners, (…) and it’s been fantastic.”</p> 
 <p class="paragraph">Interestingly, Belfort used to be a crypto skeptic, but his stance has softened over time, especially regarding the future of the flagship decentralized finance (DeFi) asset, Bitcoin (BTC), which he earlier this year said would benefit from concrete regulations, its demonstrated strength during the 2018 crypto winter, and resilience against scams.</p> 
 <p class="paragraph">Meanwhile, the <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> capitalization of the <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> sector has dropped by over 2% in the last 24 hours, having lost $30 billion amid the uncertainty surrounding the news on one of the largest <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> exchanges in the world and its former CEO, who has welcomed his successor, Richard Teng.</p> 
 <p class="paragraph"><strong>Watch the entire video below:</strong></p> 
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  <div class="wp-block-embed__wrapper"> <iframe loading="lazy" title="Investing Insights with Jordan Belfort and Brian Rose #167" width="500" height="281" src="https://www.youtube.com/embed/2-dWECJCCvA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.&nbsp;</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/wolf-of-wall-street-says-bear-market-is-best-time-to-invest-in-crypto-tbt71182.html">https://thebittimes.com/wolf-of-wall-street-says-bear-market-is-best-time-to-invest-in-crypto-tbt71182.html</a></p>

‘Wolf of Wall Street’ says bear market is best time to invest in crypto

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Alte articole publicate pe 22 nov. 2023

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