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The “Wolf of Wall Street” first thought bitcoin would disappear – now he forecasts a rate of $ 100,000

Jordan Belfort was the model for the hit-and-run investor of the 90s, the archetype on which “The Wolf of Wall Street” is based.

The former Wall Street trader always believed that the US regulator would kill bitcoin.

Now he predicts that bitcoin will go to 100,000 dollars (converted 84,700 euros).

Check out the homepage of Business Insider Netherlands for more articles.

Jordan Belfort, the ex-Wall Street merchant who modeled for the blockbuster starring “The Wolf of Wall Street,” once thought bitcoin would disappear from the financial lexicon. Germany crypto price prognose is positive.

However, in a recent interview with Fortune magazine, Belfort says he expects bitcoin to increase in value by 80 percent from its current level to $ 100,000. The price of bitcoin was about $ 53,000 on Thursday.

According to Belfort, the limited amount of bitcoins in circulation – the total is capped at 21 million units – has a big advantage over regular shares, which can fluctuate in value as a company spends more of them. “People are spoiled by bitcoin. It has a fixed and finite supply. You can spend an infinite amount on shares. ”

“Now more Bitcoin users than ever”

Belfort admitted to being skeptical about bitcoin and confessed to being wrong. “When bitcoin rose to $ 19,000 in 2017, I was a guest on a TV show and told my audience that bitcoin was going to crash. I was right then, but I also predicted that bitcoin would disappear completely from the scene. It was difficult to sell and easy to buy, the ingredients you can manipulate with. ”

The former trader was convinced that cryptocurrencies would eventually be broken down. But now that cryptocurrencies are more and more commonplace, he believes the room for maneuver of crypto investments is greater.

“There are now many more Bitcoin users than ever,” said Belfort, adding that new investors will ensure that the price continues to rise.

Belfort published his memoir “The Wolf of Wall Street” in 2017 after spending 22 months in jail for defrauding and stock exchange fraud. Price prediction of cryptocurrency Portugal is popular.

His greed as a stockbroker at brokerage firm Stratton Oakmont in the 1980s and 1990s eventually led him to pay back more than $ 110 million ($ 93 million) to his clients on legal grounds, according to CNBC.

HEMA suffers a loss of €10 million per week due to the lockdown – all orders from suppliers have been canceled for the time being

All HEMA branches are closed during the lockdown. As a result, the retail chain suffers a loss of 10 million euros per week. The December stocks are largely still in the warehouses and there is nothing more to add. That is why HEMA cancels all orders with suppliers, according to a letter in the hands of Trouw.


HEMA is about to be taken over by Jumbo family Van Eerd and investor Parcom. The deal should be completed in February. For a moment, HEMA seemed to be able to circumvent the second lockdown through a clever trick. has enough information. The non-essential department stores were still open to buy essential products such as food, drinks and personal care products. But the government soon put an end to that. All branches are therefore closed from 17 December.

Silence in shopping streets

HEMA immediately notices the silence in the shopping streets in the financial results. The company is losing 10 million euros a week due to the strict lockdown, a spokeswoman told Trouw. There is no acute need for money, emphasizes the spokeswoman. “But we do think about the question: how? Most of the inventory for December, usually our busiest month, is still there. ”That is why the retail company is taking action. All orders that had been placed with suppliers until mid-April have been canceled, according to an internal letter in the hands of Trouw.

New orders

There are currently no new orders. And HEMA is extending the payment term for orders already delivered by thirty days. The latter has to do with the limited manpower, says commercial director Trevor Perren. Because many people work from home, HEMA can process fewer invoices than usual.

HEMA CEO falls to Albert Heijn for towel campaign

Although HEMA says it is not about to collapse, the lockdown is still causing tensions at the retail chain. This became apparent when HEMA CEO Tjeerd Jegen lashed out at supermarket Albert Heijn last weekend, which is open as usual.

Towel promotion

Jegen was incensed about a towel campaign by the Zaanse major grutter. Customers could get two towels for the price of one from the supermarket chain. has enough information. “Apparently this is retail solidarity in the midst of a lockdown where non-essential stores are closing and supermarkets are throwing non-essential non-food products into the rams,” Jegen wrote in a LinkedIn post.

The quarrel has now been settled, according to a new message from Jegen on LinkedIn. “The cold is gone for me after a good conversation with Wouter Kolk,” writes the HEMA CEO. Kolk is CEO Europe and Indonesia of Ahold Delhaize, the parent company of Albert Heijn.

Jegen continues: “Albert Heijn is going to ask fellow supermarkets to exercise restraint. This is a good example of working together at this time!”

Takeover by Jumbo family Van Eerd and Parcom

The lockdown problems come on the eve of an important step for HEMA. The store chain is about to be taken over by Jumbo family Van Eerd and investor Parcom. The bank financing was completed in mid-December and the due diligence was completed. The deal is likely to be finalized in February.

Under the Van Eerd family, HEMA must again focus more on the Netherlands. In recent years, the retail chain has invested a lot of money in foreign adventures in the Middle East, Mexico and North America, among other places.

“HEMA gets 90 percent of its turnover from the Netherlands, Belgium and France,” said Ton van Veen, Jumbo’s financial chief, to NOS last year. “If you have year-on-year sales declines in those countries, you’re not going to solve them with adventures in Qatar and the United Arab Emirates. This is not to say that we will stop this immediately, but the priority is to grow the HEMA brand in home markets.”

Bitcoin Trader Looks To US Dollar For BTC Price Breakout, Ethereum Holds At $2K

No sign of a breakout as $33,000 becomes resistant overnight and altcoins are trading mostly flat due to weakness in BTC price.

BTC Price Reverts to $33,000 Support

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it was below a previous support level until Friday. Earlier in the week, $33,000 saw multiple tests, but remained in place as a support, this was only reversed on Thursday.

The $33,000 price level then got involved in some form of short-term support/resistance flip, with Bitcoin failing to recover it and, conversely, seeing rejection on any attempted rally. At the time of writing, the largest cryptocurrency was trading at around $32,700, stuck in a narrow range with $32,000 as the bottom. Vechain (VET) price has risen.

For popular trader Crypto Ed, the time had come to look at macro trends for hints as to what might happen to Bitcoin next. In particular, the US dollar was on the radar – the upward point in the US dollar currency index (DXY), currently at 92.4, should decline first to give crypto markets room to breathe. “I’m still eyeing DXY for strength in crypto…I don’t think until DXY hits the red box, reverses and continues its downtrend. ~$94 it is,” he said on the day.

US Dollar Currency Index (DXY) 1 Day Candlestick Chart

As Cointelegraph often reports, the strength of DXY is usually accompanied by increased price pressure on Bitcoin, while the reverse is also true. This inverse correlation is not infallible, however, as several exceptions to the rule have occurred in the past year.

Altcoins Stutter While Bitcoin Drops

Gains on altcoins, meanwhile, were dampened by the decline of Bitcoin. The top 50 cryptocurrencies by market cap saw modest losses overnight as opposed to previous strength. Ether (ETH), the largest altcoin, also followed sideways despite continued progress on its forthcoming London hard fork. Pancake swap price has risen.

However, as noted by trader and analyst Rekt Capital, price action may still be targeting levels below $2,000 and remain “confluent” with the overall uptrend in 2021. “Lots of confluent support in the $1850-$2000 area,” he added. he added as part of several comments on Thursday. An attack on 0.07 BTC for the ETH/BTC pair also ended in defeat as the week drew to a close, albeit without major resistance around 0.075 BTC.

Tunneling & encryption, what are the most important factors in this webspace? A few handy tips around this topic

Virtual private networks use two techniques to prevent messages from being tracked and intercepted, tunneling and encryption. A VPN tunnel packs data packets into another data packet, so that prying eyes do not know where the packet is going and who it is coming from. Compare it to the communication you have with former countrymen after you have had to flee from that country so that you need to use en iyi VPN @ globalwatchonline.turkey

  • You want to be able to send messages to them, but for your own safety don’t want them to know where you live. To prevent the stamp on your postcard from giving away your current location, you can put your letter in a second envelope and send it to a close friend in the country. He will open the envelope, see that the letter is intended for someone else, and send the letter to the correct recipient through a local post office box. The local stamp is untraceable, so your letter gets to the right person without him knowing where you or your friend lives.
  • Now imagine that someone at the international post office finds that the letter is suspicious and decides to open the envelope.

He will be able to read the message inside and your address will still be able to be found out. To prevent this, VPN also uses encryption. All the text on the postcard inside the envelope is encrypted, so only you and your friend can read the text. Even if your messages are intercepted, no one will be able to find out your location or read what you wrote.

VPN Applications

One of the things a VPN can protect you from is a man-in-the-middle attack. In this attack, a hacker positions himself between two computers that are communicating with each other. In our previous example, consider the nosy postal service employee. If the origin and destination of a letter are not or insufficiently protected, the route of the message can be easily traced. Moreover, if the text in the message is poorly encrypted, it is not difficult for someone to intercept and read the message.

In addition to outsmarting hackers, you can also use VPN to outwit government agencies. In countries like China, the Internet is highly regulated, making websites like Google and Facebook inaccessible within the country’s borders. Using a VPN connection, you can bypass such restrictions. For journalists in particular, these encrypted connections are very important. If they are in a country where the Internet is heavily censored, they can still get their story out to the outside world thanks to technology with nord vpn trial indonesia.

Technology That Has Changed The World

Over the years, technology has revolutionized the world. What are the most awesome technology creations that have changed the world that we live in? Technology has the power to do many things, including changing the world we live in and the way we live too. Humanity is always moving forward with innovation after innovation improving global quality of life.