$300,000 FOR THE FIRST TIME EVER OKAY, THEY'VE BACKED OFF A LITTLE, BUT THEY'RE STILL WAY UP THERE

>>> HOW ABOUT BITCOIN? WHAT'S THE PRICE RIGHT NOW? JUST UNDER $19,000 PER COPY, 19,100, I SHOULD SAY JOINING US, THE WOLF OF WALL STREET, HIS NAME IS JORDAN BELFORT JORDAN, WELCOME TO THE PROGRAM >> THANK YOU A SCAM

AND NOW YOU SAY THAT BITCOIN IS A SCAM ARE YOU GOING TO TELL US WHY? DONE A LOT OF THINKING ABOUT THIS OVER THE WEEKEND BECAUSE I'VE BEEN GETTING SO MUCH TRACTION ON THE BITCOIN THING EVERYONE'S SO INTERESTED IN HEARING MY OPINION BECAUSE I I DID WHAT YOU SAID, AND I HAVE A REALLY GOOD PURVIEW INTO THAT MINDSET THAT CREATES BUBBLES AND THINGS LIKE THAT SO BITCOIN ITSELF, IT'S NOT THAT BITCOIN IS A SCAM THE TECHNOLOGY BEHIND BITCOIN, BLOCK CHAIN TECHNOLOGY, IS NOT A SCAM

THE PEOPLE THAT ACTUALLY INVENTED — THEY'RE NOT SURE WHO, BUT THEY HAD IT WAS MORE OF A SOCIAL EXPERIMENT THAN ALTERNATIVE MONEY WHAT'S HAPPENED IS THAT THERE'S PEOPLE THAT HAVE USED THIS PLATFORM OF BLOCK CHAIN TECHNOLOGY TO CREATE A MASSIVE MANIPULATION AND A BUBBLE BECAUSE THERE ARE SOME INHERENT PROBLEMS RIGHT NOW BECAUSE WHAT'S HAPPENING IS BITCOIN IS THEORETICALLY CURRENCY, RIGHT? BUT IT'S NOT BEING USED AS A CURRENCY EXCEPT FOR A TINY PORTION OF IT WHAT HAPPENS IS IT'S LIKE YOU HAVE A STOCK, AND YOU MIGHT HAVE OR LESS BUT THE FREE TRADING FLOAT WAS ACTUALLY OUT THERE BEING BOUGHT AND SOLD IS VERY, VERY SMALL INVESTMENT

EVERYBODY, NO ONE'S REALLY USING IT AS CURRENCY, VERY, VERY SMALL WHAT HAPPENS IS ANY BIT OF BUYING WILL DRIVE IT UP BECAUSE THERE'S NOT SUCH AVAILABLE — NOT MUCH AVAILABLE YOU HAVE PEOPLE THAT CAN EASILY DRIVE IT UP, AND WHAT HAPPENS IS, I'LL GIVE YOU AN EXAMPLE I GET AN E-MAIL SAYING GET RICH WITH BITCOIN IN MY SOCIAL MEDIA

THE NEXT GREAT CRYPTOCURRENCY, GET RICH ON — SO THEY'RE CREATING MASSIVE INTEREST AMONG THE MILLENNIALS WHO DON'T KNOW ABOUT BUBBLES, HAVEN'T LIVED THROUGH ALL THIS STUFF, RIGHT IN AND WHAT'S HAPPENING IS THEY'RE CREATING THIS MASSIVE DEMAND AND IT'S ALMOST LIKE WHEN IT'S ALL OVER IN THE END AND BITCOIN IS BACK DOWN TO SOME, YOU KNOW, MUCH, MUCH LOWER PRICE — IT MIGHT GO HIGHER STILL, VERY MUCH WE THINKING? IT'S THAT THE PRICE IS RELATED TO NOTHING IN REALITY RIGHT NOW STUART: OKAY WE ARE TOLD THAT THERE ARE ABOUT A THOUSAND PEOPLE THAT GOT IN EARLY, BIGTIME INVESTORS, THEY GOT IN EARLY, AND THEY CONTROL 40% OF ALL BITCOINS THIS IS WHAT YOU'RE TALKING PARTIALLY, YES

STUART: THAT PRICE UP, INSIDERS THAT KNOW EACH OTHER GET IT GOING, GET IT GOING, AND THEY SELL JUST AS THE LITTLE GUY, THE ORDINARY INVESTOR, IS COMING IN AND LEFT HOLDING THE BAG IS THAT PART OF YOUR THEORY TOO? >> IT'S EVEN WORSEN THAN THAT IT'S THE EVEN WORSE THAN THAT THAT'S PART OF IT, FOR SURE BUT WHAT'S HAPPENING NOW IS BECAUSE OF THE NATURE THAT YOU REALLY CAN'T USE BITCOIN, IT TAKES TOO LONG — THERE'S A LOT OF LIMITS TO BITCOIN

AND ONE DAY VERY SOON THERE'S GOING TO BE ANOTHER TECHNOLOGY PROBABLY SPONSORED BY A MAJOR BANK OR GOVERNMENT THAT'S GOING TO TAKE HOLD AND BE GREAT AND THINGS THAT DON'T LEND ITSELF TO BEING USED VERY QUICKLY AND SO FORTH WHAT HAPPENS IS WHEN PEOPLE BUY BITCOIN, IT'S NOT THAT THEY GO OUT AND SPEND IT AND IT GOES THEY'RE BEING USED IN THE WORLD BITCOIN'S NOT BEING USED IT'S BEING STOWED AWAY IT KEEPS PUTTING ALL THE FLOAT BIT OF COMMAND, — DEMAND

WE'RE IN THAT WEIRD PHASE, EVERYBODY'S BUYING, THERE'S NO RIGHT NOW TAKE AWAY THAT BITCOIN ITSELF IS NOT A SCAM, BUT WHAT'S HAPPENING IS THE WAY IT'S BEING TRADED IS A MASSIVE SCAM AND A MASSIVE BUBBLE STUART: WELL, YOU DID YOUR HOMEWORK — >> DOES THAT MAKE SENSE? STUART: IT MAKES A LOT OF SENSE >> IT'S BEEN BOTHERING ME BECAUSE I'VE BEEN THINKING ABOUT IT STUART: YEAH

GOOD STUFF, JORDAN I'M SORRY, I'M OUT OF TIME, BUT