Jordan Belfort, even the Wolf, likes Crypto now

Miami Beach, Fla. – Jordan was hanging out on the shore of the Belfort Pool one morning on April morning, catching the Red Bull and sharing a cautionary tale. It’s not usual about his imprisonment on the 10 counts of security fraud and money laundering: this time, he was victimized. Last fall, he explained to a group of merchants collected at his palace home, a hacker who stole $ 300,000 worth of digital tokens from his cryptocurrency wallet.

He got the bad news at a dinner on Friday, he said, when he was singing to an investor-capitalist friend that he drove his yacht in the mid-90s during a drug-oil game. After breaking Mr Belfort’s account, the hacker moved a large amount of Ohm, a popular cryptocurrency token, into a separate vault – a publicly-traded transaction that Mr Belfort could do nothing to return. “You can see where the money is,” he said. “That’s the most frustrating thing.”

Mr Belfort, 59, is best known for “The Wolf of Wall Street,” a memoir about the high finance of his career in the late 1990s, which turned director Martin Scorsi into a 2013 film that starred Leonardo DiCaprio. The party was played. Role These days, real life Mr. Belfort is a consultant and sales coach, charging thousands of dollars for private sessions.

This month, at his home in Miami Beach, he hosted nine blockchain enthusiasts and entrepreneurs for a weekend-long crypto workshop – an opportunity to visit with Wolf and enjoy an “intimate financial experience” of his crypto. – With industry friends.

A long line of celebrities have sought to benefit from the cryptocurrency boom, appearing in large-scale crypto commercials or pulling non-fungible tokens, known as unique digital collections, such as NFTs. Mr Belfort said he had refused to contribute to Schilling’s misconduct. He has rejected offers to launch a line of Wolf-themed NFTs, he said, though “I could easily make $ 10 million.”

He has also recently changed crypto away from skepticism. Long ago, he shot YouTube videos about the dangers of Bitcoin, which he called “frickin ‘Insanity” and “mas delusion.” Over the years, he said, he slowly changed his mind, as he learned more cryptocurrencies and prices skyrocketed.

Now, Mr. Belfort is an investor in start-ups, including a new NFT platform and an animal-themed crypto project that he says “the dogs and pets are trying to take over the ecosystem and An attempt has been made to put it on the blockchain. “

Whatever its cryptic advantages, Mr. Belfort is undeniably able to discuss the topic of financial fraud, a major issue in the digital asset industry. In the 1990s, he founded the firm, Street Oakmont, running a sophisticated stock-heap scheme. At the height of his wealth, he and his business partners used cocaine and cocaine in large quantities and regularly employed prostitutes. Mr Belfort eventually served 22 months in prison.

Given that history, it may seem a little unrealistic to have an older, more flourishing Mr Belfort announce that he is “looking forward to widespread regulation” in the crypto industry. “I’m not interested in separating people from their money,” he said. “That’s the opposite of how I work right now.”

Still, the crypto workshop at his house was not free: the guest paid a Bitcoin for a set, or cash equivalent, for about $ 40,000.

The workshop starts at 9am on Saturday morning. Guests – selected from a pool of more than 600 applicants – meet around Mr. Belfort’s back yard, on-the-go omelets and trading tips on Bitcoin Mining and Tokenomics. A crypto miner from Kazakhstan is comfortable in the sun with a potential blockchain influencer who runs a roofing company in Idaho. A Florida businessman explained his plan to start using NFTs as a tender for music. Some of the guests said they paid for the workshop because they were die hard fans of the Wolf; Others just wanted to network with fellow merchants.

By 9:15 in the morning, Mamosa was wading, but Mr. Belfort was nowhere to be seen. “The US dollar is going to get worse,” said Doug Bartlett, a ceiling executive. A few minutes passed. No wolf yet. “Wolf is still asleep?” A guest asked out loud.

In the end, Mr. Belfort walked out of the house, in red jeans and red sunglasses. Mr. Belfort’s hair is short black; He is more wrinkled than he was in the 90’s, but his face is still always set in a boyish smile. Take a stroll down the porch to survey this scene: Nine people dressed in a variety of business casual colors – polo shirts, flip flops, unexpected button-down shirts. “I guess we still need to work on the women adopting cryptocurrency,” she said. “We’re going to have some girls here next year. He paused “Women.”

No one gave Mr. Belfort a can of Red Bull. (It was about 9:30 in the morning) “I need sugar,” he said. After a few minutes of chat, he brought the group into the dining room, where a notebook and a copy of “Way of the Wolf” were placed on the table, published in 2017 by Mr. Belfort.

Mr Belfort has tried to rebuild his reputation for the past two decades, but the old Wolf signs were everywhere. Behind this spot at the top of the table, a fully fried wine shelf took up most of the wall. (He said he hadn’t won a top spot in 25 years, but he did drink occasionally.) A poster was hung next to the shelf, which contained a paradigm insertion on the table – Qu for quaalude – different. Listing “facts of the drug,” including “the best sex ever.”

After a period of introduction, Mr. Belfort began a lecture on the minutiae of cryptocurrencies, from the differences between Bitcoin and Ethereum to the rise of centrally autonomous organizations. He shares his wisdom on the crypto-based “smart contract” system (“Some of them are really smart; some of them are stupid”) and recalls old stories about his collaboration with Leo and Marty.

“Leo had never done drugs,” he said. “I had to educate myself on this.”

For crypto evangelists, it is amazing how much time everyone spends to overcome their great loss. About half the group said they had been hacked. One guest said he lost money when cryptocurrency Exchange Mt. Gox is broken. Two others said they burn a large amount of tokens in dangerous trade.

The Chase Hero’s arrival boosted the room, with one of a series of guest speakers Mr Belfort was serving over the weekend. A crypto investor and gaming enthusiast, Mr Hero announced that stablecoins – cryptocurrencies whose value is denominated in the US dollar – are “the biggest innovation since the cutting of bread.”

“It seems vibrant and crazy and almost borders on a Ponzi scheme,” Mr. Hero said of his favorite Stable Quinn project. “Whoever makes this is the perfect asset for cryptocurrency because that is what these kids love.”

One of Mr. Belfort’s guests, Sven-Erik Nelson, a Norwegian businessman, began explaining his business ambitions. Mr. Hero had any advice? The key to starting a new venture, he replied, is aggressive marketing. “Imagine going to the coast of Brazil and trying to find a single hot chicken. There are half a million, “said Mr. Hero. “The idea here is the same. You have to do stupid, dumb marketing to get it.

After a few hours, the group postponed for dinner at Carbon, a top Italian restaurant in Miami Beach where Mr. Belfort eats twice a week. As they ate bread at the Caviar and Reggatoni, some of the guests shared their insulting stories. Mr Belfort, it turned out, was not alone in the room. Two guests discussed the mechanics of pursuing young women without risking being in a “Sugar Baby” situation. Someone figure out how a business strip club owner can incorporate NFTs into the business.

Soon the talk turned to a club in Japan where women are said to be packed with recuperations. Mr. Belfort wanted to know more: Were women beautiful in Japan? Later, the group showed an iPhone video he took at the S-and-M-themed bar, where the waitresses hit customers.

Artem Bespaloff, chief executive of crypto mining company Asic Jungle, pointed to Wolf’s way around the table to illustrate his personal transformation. He was planning to go to medical school, he said, when he found a copy of “The Wolf of Wall Street” in the library.

“I said, ‘This is what I want to do,'” recalled Mr. Bespalov. “I ended up stealing books from the library.

“So I made a good impression,” Mr Belfort laughs. Still, he said, he regrets his behavior these days – it was wrong, and he would still be rich if this law were not followed. “I missed the internet boom,” he said. “I would make 100x more money.”

“Well,” Mr. Bespolov replied, “you are now in the crypto.

“You stay and learn,” said Mr. Belfort.

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