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‘Way of the Wolf’ author Jordan Belfort explains why the lack of scarcity of bitcoin -- and the readily available forms of other cryptocurrencies -- will ultimately decrease its value close to zero.
"This idea of scarcity is completely false," Belfort claims in response to the idea that only a specific number of Bitcoin will ultimately be mined, and thus help in boosting the crypto-currency's value. "What happens when you have crypto-currencies is they all trade in one giant basket so, while there might be at least 21 million Bitcoins, every time they create a new crypto-curreny, there's no limit to the amount of crypto-currencies. It's getting bigger every day."
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