The warnings about the trend of meme coin with two prominent representatives, Dogecoin (DOGE) and Shiba Inu (SHIB) are gradually becoming more dense. Jordan Belfort, who has been dubbed the “Wolf of Wall Street”, is the latest figure to raise this point.
In an interview with The Sun this week, Jordan Belfort warned investors to be cautious about investing in Dogecoin (DOGE) and Shiba inu (SHIB). He considers their appearance to be of no value.
Belfort founded Stratton Oakmont to act as a marketplace for securities and defraud investors by “pumping and dumping”. He pleaded guilty in 1999 and is now an inspiration to investors in the financial world. Therefore, Belfort’s comments always carry a quality meaning and a point of view worth considering.
Both DOGE and SHIB have gained immense popularity over the past months. While the relationship between DOGE and billionaire Elon Musk is still developing positively, SHIB is no less competitive in terms of practical application, from becoming a payment instrument of AMC to a trading giant. Newegg electronics.
However, Belfort frankly stated that the people who are spreading these projects are unscrupulous and defiantly legalize them despite all means. He emphasized that the law should quickly intervene and prosecute to bring fairness to investors and transparency to the entire cryptocurrency market.
“The sooner governments step in, the better for crypto because as the authorities start to regulate a dark market, the picture will become more and more mature and better.”