The recent collapse of the data encryption trading center FTX has dragged the prices of most digital currencies, such as Bitcoin and Ethereum, to the lowest level this year. However, Jordan Belfort, also known as the wolf of Wall Street, predicted that BTC and ETH would rise rapidly and proposed to own tokens.

"FTX is a fraud, and there is no way to prevent it," Belfort commented on FTX's recent implosion of Bitcoin. Com reports. The Data Encryption Trading Center declared bankruptcy on November 11, 2022.

However, in his view, implosion can only cause limited resource damage to BTC and ETH. Belfort said: "But just because FTX itself is a fraud, it does not mean that you can completely ignore Bitcoin and think it is useless or going to zero. So is Ethereum.".

Although the cryptocurrency sales market has sold recently, he is still optimistic and points out that the prices of Bitcoin and Ethereum will rise rapidly. However, he is only optimistic about BTC and ETH, because she is skeptical of others, that is, except for the two largest cryptocurrencies, he "can't touch cryptocurrencies with a 10 meter pole"

At the same time, for investors who already have other cryptocurrencies, Belfort suggested that he should carefully observe each coin before deciding whether to sell it. He said, "It depends on what you buy now and what you think is valuable.".

If investors rethink their project investment determination and understand why they choose this coin, it may be helpful. "Is there something behind your purchase? Do you want the good news to come? Do you think the enterprise is really doing something, and everyone will have some disruptive technology?" She asked.

He added: "Do some analysis, do some scientific research... Is there any problem with this coin or token that has been solved, or we just accept every hot spot and hope that he will stick to it, because if that is true, you know that most of these things will not go home again.".