{"id":133148,"date":"2021-07-23T14:43:35","date_gmt":"2021-07-23T14:43:35","guid":{"rendered":"https:\/\/precoinnews.com\/?p=133148"},"modified":"2021-07-23T14:43:35","modified_gmt":"2021-07-23T14:43:35","slug":"wolf-of-wall-street-jordan-belfort-elon-musk-is-filthy-rich-to-pump-and-dump-bitcoin","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/wolf-of-wall-street-jordan-belfort-elon-musk-is-filthy-rich-to-pump-and-dump-bitcoin\/","title":{"rendered":"\u2018Wolf Of Wall Street\u2019 Jordan Belfort: Elon Musk Is Filthy Rich To Pump And Dump Bitcoin"},"content":{"rendered":"<p>Jordan Ross Belfort, best known as the \u201cWolf of Wall Street\u201d portrayed by Leonardo DiCaprio, doesn&#8217;t believe that Tesla\/SpaceX CEO Elon Musk really manipulates crypto prices contrary to countless claims.&nbsp;&nbsp;<\/p>\n<p>Speaking with <em>Fox Business<\/em> on Thursday, Belfort posited that Musk is stinking rich to be pumping and dumping dogecoin, bitcoin, or other cryptocurrencies in order to make a quick buck off of it.\u00a0<\/p>\n<p><em>\u201cI like Elon Musk and I think he\u2019s rich enough. He doesn\u2019t have to make an extra few dollars pumping and dumping.\u201d<\/em><\/p>\n<p>Jordan Belfort, the former Wall Street penny-stock broker who pleaded guilty to stock market fraud in 1999, explained that while Musk himself might not be pumping and dumping, traders might be using his endorsement and they pump and dump around the hype that the billionaire tycoon creates.<\/p>\n<p>Musk, famous for his odd-timed tweets, has constantly been accused of being a master manipulator. Notably, his tweets on major cryptocurrencies like DOGE and BTC, have sent their prices up and down within seconds.<\/p>\n<p>At The B Word conference held on Wednesday, Musk shared details of the three cryptocurrencies that he personally owns as well as the cryptos held by his two companies. He also admitted that he might occasionally pump crypto prices, but he doesn\u2019t dump. \u201cIf the price of bitcoin goes down, I lose money,\u201d Musk explained.<\/p>\n<p>The Tesla chief went on to state that he is interested in seeing bitcoin succeed \u2014 not just getting the price high and cashing out at higher prices.<\/p>\n<p>Belfort, however, maintains that Musk is most likely <em>\u201cinadvertently being used\u201d<\/em> to pump and dump cryptocurrencies.\u00a0<\/p>\n<h2><strong>Belfort Is Hoping Bitcoin Price Rips Lower<\/strong><\/h2>\n<p>During his interview, Belfort also affirmed that he is invested in bitcoin (BTC), and ethereum (ETH) and is in it for the long haul. In fact, he hopes the price of the bellwether cryptocurrency falls again to as low as $5K per coin so that he can grab some more.<\/p>\n<p><em>\u201cI would love it to go lower because I\u2019m a long-term investor so I don\u2019t care if it goes up or down in the short term. I would love it to go back to $5000 and buy a ton of it here and that would be a great thing.\u201d<\/em><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.tradingview.com\/snapshots\/a\/a0l8zUyF.png\"><\/p>\n<p>At the time of publication, the bitcoin price is in the process of attempting a sustained breakout above $32,400 where the price has been hovering for 48 hours or so.<\/p>\n<p>The Wall Street criminal-turned-author also noted that no one actually knows where the price of bitcoin goes next and if anyone says they do, they are definitely lying.<\/p>\n<p>Source: <a href=\"https:\/\/zycrypto.com\/wolf-of-wall-street-jordan-belfort-elon-musk-is-filthy-rich-to-pump-and-dump-bitcoin\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jordan Ross Belfort, best known as the<\/p>\n","protected":false},"author":3,"featured_media":133147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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