Crypto crash: what the wolf of Wall Street recommends to do in the face of the crisis of digital assets

Tip 1: 3-4 year plan for Bitcoin

The employer has insisted that Bitcoin can generate profits after at least three years and is a long-term store of value. For Belfort, Bitcoin has strong fundamentals that increase its long-term attractiveness. In particular, he also claimed that it is certain that Bitcoin will continue to rise.

“If you take a three, four, or five year horizon, I’d be surprised if you didn’t make money. because the underlying fundamentals, I think, are really strong, and I think it’s only a matter of time before you know where enough gets into the right hands; there is a limited offer”, had said Belfort.

The quotation Bitcoin this Tuesday, November 15, is US$16,846. Since last year, this asset has lost almost 70% of its value.

Tip 2: Look no further than Bitcoin and Ethereum

Despite the existence of thousands of cryptocurrencies, Belfort believes investors should focus on Bitcoin and Ethereumas both of these assets have strong fundamentals at their core. According to Belfort, two important triggers that What can cause Bitcoin to rise are the restricted supply and the rising adoption curve.

Flagship Cryptocurrency Will Survive Current Market Crashwhich he described as “cleansing”, pointed out that the asset has progressed beyond being a fraud. As Belfort said: “Bitcoin is the kind of thing that will survive this cleanup; ain’t going anywhere soon. In case of Ethereum is very similar. It was the first cryptocurrency that really had sort of broad use cases in terms of decentralized finance (DeFi) for people to build other technologies. So you have Ethereum, which has also been butchered, but if you’re long Ethereum, and again nothing is a guarantee, chances are that in the next three to five years it’s going to come roaring back in the next bullish cycle”.

Tip 3: Don’t panic

In light of the widespread fear plaguing the bitcoin market, Belfort advises investors not to sell during the crisis. believes that weak assets are unraveling during the current correction and says that money can be made in these circumstances, but investors must be patient and wait for the opportunity to invest again.

“Right now, you are ready to panic and sell your Bitcoin and Ethereum. I will never tell you what to do, but you have to take a deep breath and sober up about this, and not play into panic. The entire cryptocurrency world is paralyzed by fear, so does that mean you should go out and buy en masse right now? Well, I’m not saying that, but I’m saying that if you go back in history, these are the moments in time where the most money is typically made in the market now.”