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Cryptocurrency News

Low cap crypto is like penny stocks, says Wolf of Wall Street

08/29/2022

Less than a minute

2022.08.29 18:37

Former stockbroker Jordan Belfort, known colloquially as the “Wolf of Wall Street” has likened low market cap crypto assets to penny stocks due to their extreme price volatility.

Penny stocks refer to highly speculative shares priced under $1 from small and unknown companies. Generally they either fetch massive returns for investors or crash and burn dramatically.