Wolf Of Wall Street Now Promoting (And Pumping) Crypto

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Last Updated on 9 May 2021 by CryptoTips.eu

Jeroen Kok

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Jordan Belfort, the man who inspired the Martin Scorsese movie Wolf of Wall Street, used to be critical of crypto and Bitcoin. As of late, he’s completely changed his tactics though.

In a series of tweets to his followers, he’s seen promoting, Dogecoin, Shiba Inu and even SafeMoon, the rather sketchy coin that many celebrities seem to want to pump.

Problem for the former stockbroker (and convicted felon) is that some commenters feel that he’s now himself pumping certain crypto coins, a technique that landed him in jail when he did it to penny stocks before.

Back in 1999, Jordan pleaded guilty to manipulating the US stock market as well as to money laundering. In the past he’s always been highly critical of crypto, but since a few months has declared that Bitcoin would hit $100k before the end of the year.

Advertentie.

Literally went to jail

Since a few weeks though, the Wolf of Wall Street is now actively seeking support for his favorite coins and stocks.

Belfort for example called on 27 April that:

If you want pump, 5 days, get me to 500,000 follows by 1 May.

He then concluded with the hashtags for Dogecoin, Safemoon, AMC and Gamestop (the latter being the two stocks favored by the WallStreetBets crowd).

Portrayed by Leonardo DiCaprio in the movie, Belfort is known for pumping small stocks and then selling at the high, so many of the comments under his recent tweets are quite curious as to why he’s changed his mind on crypto.

One follower asked:

Bro, you literally went to jail for pumping.

konstantin32 / Depositphotos.com