"Small cryptocurrencies are like penny stocks" - Jordan Belfort, The Wolf of Wall Street

The Wolf of Wall Street declares that you can't protect yourself from ultra-risky and cheap assets, even with the necessary research.

The lord of cocaine and easy girls compared small-cap and priced cryptocurrencies to penny stocks because of their extremely high price volatility.

In an interview Jordan gave to Yahoo Finance on Saturday, Belfort noted that these types of investments have "the same predictable cycle," which can bring huge returns, but can also burn investors who fail to get out at the right time. "You go in there and most of the time you're likely to lose," he added.

Commenting on his change in sentiment in an interview with Yahoo Finance, Belfort said he was "wrong" about BTC falling to zero, and that life is about "constant adaptation and growth."