Partager cet article
'Wolf of Wall Street' Jordan Belfort: Jamie Dimon is Right About Bitcoin
The infamous Jordan Belfort, better known as 'The Wolf of Wall Street', thinks JPMorgan chief Jamie Dimon is right about bitcoin.
Par Stan Higgins
Make us preferred on Google
JP Morgan CEO Jamie Dimon got support from an unlikely source today – Jordan Belfort, better known as the "Wolf of Wall Street."
Speaking with TheStreet, Belfort said that he believes Dimon is right about his assertion that bitcoin is fraud, telling the news outlet: "I don't think it's a great model."
STORY CONTINUES BELOW
Ne manquez pas une autre histoire.Abonnez vous à la newsletter Crypto Daybook Americas aujourd. Voir toutes les newsletters
That said, Belfort – who plead guilty to stock fraud and money laundering in 1999 and went on to write a book called "The Wolf of Wall Street" (later made into a film) – doesn't think cryptocurrencies won't exist in some form or another necessarily.
"I'm not saying cryptocurrencies, there won't be one – there will be one – but there has to be some backing by some central governments out there," he told the publication.
He added:
"Sooner or later, a central bank or a consortium is going to issue their own cryptocurrency and that's what will take hold."
His criticisms later shifted to the cybersecurity risks around holding bitcoin, as well as the fact that the code underlying the cryptocurrency, rather than any central authority or institution, controls the issuance of new coins in the system.
"I'm not saying you should or shouldn't buy bitcoin, but [what] I'm saying is I personally, myself, would be very, very careful about investing a lot of money in something that could vanish very quickly," he concluded.
Jordan Belfort image via Shutterstock
Plus pour vous
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ce qu'il:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Plus pour vous
Here's what bitcoin bulls are saying as price remains stuck during global rally
It's about a lot more than "zooming out." Supply overhangs and investor "muscle memory" regarding gold help explain bitcoin's poor absolute and relative performance.
Ce qu'il:
- Bitcoin has failed so far to act as an inflation hedge or safe-haven asset, lagging badly behind gold, which has surged amid high inflation, wars, and interest rate uncertainty.
- Crypto advocates argue that bitcoin’s weakness reflects a temporary supply overhang, investor “muscle memory” favoring familiar precious metals and its correlation with risk assets, rather than a collapse in long-term demand.
- Many bitcoin proponents still see BTC as a superior long-term store of value and “digital gold,” predicting that, once traditional hard assets are overbought, capital will rotate into bitcoin, allowing it to “catch up” to gold.
Top Stories
