Fintech

The real-life ‘Wolf of Wall Street’ is now a crypto guru. That’s a sign of a looming reckoning

Reputational issues have piled pressure on the digital assets sector in recent weeks. Can it withstand the pressure?

Belfort's $40,000 crypto workshop earlier this month is another warning sign that the sector has a credibility problem
Belfort's $40,000 crypto workshop earlier this month is another warning sign that the sector has a credibility problem Photo: Alamy

Critics of the cryptocurrency industry have long said that bitcoin and other digital assets are barely discernible from a Ponzi scheme.

Is that fair? Yes and no.

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