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Wolf of Wall Street on Bitcoin: ‘Everyone Knows It’s a Ponzi Scheme, So It’s Not Really a Ponzi Scheme’

‘Bitcoin operates by whoever is the cutest girl in the school, that’s where all the money goes’
By Grabien Staff

EXCERPT:

BELFORT: "Let me explain. Bitcoin operates by whoever is the cutest girl in school, that's where all the money goes. So Elon was the cutest girl in school for a long time. If Elon said it, then everyone buys Bitcoin or Dogecoin. So what happened was, it's really — it's like — people say, it is a Ponzi scheme? Well, the thing is, everyone knows that's a Ponzi scheme. So, it's not really a Ponzi scheme. Everyone knows there is no value there, everyone decides to buy it, and I guess it's worth money. Right?” 

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