‘Wolf of Wall Street’ releases a bullish Bitcoin and Cryptocurrency price prediction like Ethereum, BNB, XRP, Solana, Cardano and Dogecoin Rebound.

ethereum and other major cryptocurrencies returned from the lows in June after a sharp cryptocurrency crash.

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Last night, the price of bitcoin rose above the much-anticipated $ 20,000 per bitcoin level, but has since fallen back to below (despite being called “the largest Ponzi scheme in human history”. “). Meanwhile, Ethereum has led the regular cryptocurrency market higher up and helped smaller coins BNBBNB
solana, cardano and dogecoin to recover.

Today, former stockbroker Jordan Belfort, whose economic crimes in the 1990s inspired the film The Wolf of Wall Street, released an optimistic bitcoin price prediction, saying the price of bitcoin will rise “almost certainly” over the next three to five years. year.

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The price of bitcoin rose to over $ 20,000 per. bitcoin before falling back, which helped push the price up by…. [+] ethereum and other top 10 cryptocurrencies BNB, XRP, solana, cardano and dogecoin.

“If you take a horizon of three or maybe five years, I would be shocked if you did not make money because the underlying fundamentals of bitcoin are really strong,” Belfort told Yahoo Finance, adding that “with a reasonable chance “, investors will” almost certainly make money “over a period of just two years.

The price of bitcoin has fallen sharply over the last six months and has lost almost 70% of its value as the US Federal Reserve, like central banks around the world, raises interest rates and begins to scale down the pandemic’s stimulus to fight runaway inflation .

Smaller cryptocurrencies experienced even greater declines, with the price of Ethereum, BNB, XRP, Solana, Cardano and Dogecoin falling even more.

Bitcoin’s collapse in the face of high inflation for decades has damaged its reputation as “digital gold” that had emerged in recent years. Belfort, however, expects bitcoin to eventually trade the same as gold.

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The price of bitcoin has risen in the last 24 hours, which has helped the price of ethereum, BNB, XRP,…. [+] solana, cardano and dogecoin to recover.

“It does not surprise me at all [le bitcoin] do it, and it would be a bit of a surprise if bitcoin already acted as an inflation hedger, because it’s still very much in its infancy, ”Belfort said.

“There is no real institutional ownership in bitcoin, for example, you do not have a teacher pension fund that owns bitcoin for ten years of coverage, that is not the case yet. »

Over the last two years, the price of bitcoin has risen and reached almost 70,000 dollars per. bitcoin last year and reflected high-growth technology stocks that fueled a huge stock market rise.

“Bitcoin has a limited supply, and as inflation rises, there will come a time when bitcoin begins to trade more as a stock of value and less as a growth stock,” Belfort said.

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Thomas Estimbre
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