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

Cointelegraph

Published Aug 28, 2022 11:16PM ET

Updated Aug 30, 2022 01:20AM ET

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 $1.00 from small and unknown companies. Generally, they either fetch massive returns for investors or crash and burn dramatically.

h3 From crypto hater to proponent /h3

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