The Wolf of Wall Street Changes His Tune on Crypto and Passive Investing in New Book

Belfort says the Wolf of Wall Street movie was largely accurate aside from the ideas that he tried to lose people money and that he punched his wife.

Belfort previously called crypto a scam but now says he was wrong about Bitcoin and possibly Ethereum, though he still sees issues like fraud in the space.

Belfort sees retail investors today as better informed than in the past thanks to more access to tools and information.

Belfort has a new book called The Wolf of Investing coming in October that covers investing advice like keeping most assets in index funds.

Belfort says passive investing tends to beat active investing over time and there's a Wall Street complex that keeps people actively trading.