Cryptocurrency Market Approaches Yearly Low as Bitcoin, Ethereum Sell-Off

All generalizations are stupid. These days there are loads of prognosticators calling crypto a huge scam, or predicting that Bitcoin will go to zero, or that Ether will become redundant. In a recent CNBC interview, the famous scammer Jordan Belfort claimed: “The whole thing is so stupid. This thing is going to evaporate like a mirage.”

Jordan is a convicted felon owing to his fraudulent stock manipulation schemes going back to the Dotcom days of nearly 20 years ago.  So you have to give him credit for spotting opportunities to cheat the public. But his opinion hardly adds anything new.

We all know there are crypto scams.  This is why it is so important to remember that all of the threat of regulation is not bad. It holds the benefit of cleaning things up so that everyday crypto users and investors don’t get whipsawed by pump and dump schemes.

But what is Jordan’s actual level of knowledge about the uses and technological benefits of blockchains and…