Cryptocurrency News
Low cap crypto is like penny stocks, says Wolf of Wall Street
2022.08.29 18:37
Low cap crypto is like penny stocks, says Wolf of Wall Street
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.
