of the British government's Financial Conduct Authority, told the BBC on Thursday that anyone who invests in Bitcoin should be prepared to 'lose all their money' 'If you were the most disciplined person and get in and get out there. Leonardo DiCaprio as Jordan Belfort Paramount Pictures / Global Look Press. Kitco for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Bitcoin has climbed almost 80 percent so far in December alone, putting it on track for its best month in percentage terms since December 2013. The cryptocurrency's staggering recent price rises - more than 1,700 percent since the start of the year - have driven worries that the market is a bubble that could burst in spectacular fashion. Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. Financial sector experts, as well as state regulators, have repeatedly expressed grave concerns over ICOs, warning of the potential for money laundering and fraudulent activities. Everyone and their grandmother wants to jump in right now. Belfort is a former stockbroker who ran a 100million boiler room stock manipulation scheme that landed him in prison. 'Promoters are perpetuating a massive scam of the highest order on everyone he told the. Bitcoin blasted to another all-time high of almost 18,000 on the Bitstamp exchange on Friday, up nine percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument.
The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. On Friday it reached as high as 17,900 on the Luxembourg-based Bitstamp exchange. While Bitcoin has added another fifth to its value since Monday, trading has been slightly calmer than the wild price swings the market has seen in recent weeks, with volatility lower since the launch of Bitcoin futures from Cboe Global Markets on Sunday. Belfort isn't the only one predicting Bitcoin's demise.
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He compared Bitcoin to the 17th century 'tulip mania' in Holland, where the value of tulip bulbs skyrocketed before rapidly dropping. Belfort was played on screen by Leonardo DiCaprio in the Oscar-nominated movie The Wolf of Wall Street, said promoters of ICOs were perpetuating a massive scam of the highest order on everyone. Leonardo DiCaprio, who portrayed Belfort in the film, is seen on the right. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website. The man who was the real-life inspiration for the Wolf of Wall Street said on Friday that the cryptocurrency bitcoin là g Bitcoin is a 'huge scam'.