He predicted Trump’s victory in 2021.
He shorted $LUNA at $90.
This is GCR - the best crypto trader to ever exist.
He went from being worth $1,000 to being a billionaire.🧵👇
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🦊 Ever heard of Gigantic-Cassocked-Rebirth?
This legendary trader, known simply as GCR, made waves in the crypto world, especially on FTX.
With a knack for accurate predictions and a proven track record, GCR went from $1000 to hundreds of millions of dollars.
🦊 GCR is a firm believer in the grind.
He's pushed his followers to spend over 120 hours a week trading, even while admitting to not taking a break himself for almost 3.5 years.
While dedication is admirable, is this level of hustle realistic and healthy for long-term success?
🦊 GCR was a strong advocate for memecoins in 2021, even when they were widely considered risky.
He published his old prediction: 'If you invest about 20 ETH in SHIB and wait 5 months until the full bull peak, you will have 40 million.'
By May 2021, it turned out that in reality, the trader only needed to invest JUST 2 ETH in SHIB to get a profit of +$40,000,000."
🦊 By October 2021, he started betting on Trump’s victory in the 2024 election.
His position was so large that accessing enough liquidity on exchanges was simply impossible.
As a result, he turned to direct OTC deals with Alameda Research.
Just over a year later, an Alameda Research balance sheet leak revealed they were still holding $7,300,000 in unhedged TRUMPLOSE tokens likely remaining from the deal with GCR.
On July 22, after the attempt on Trump’s life and Biden’s withdrawal from the election, he stated that Kamala Harris was the obvious choice.
He then revealed his position on her on Polymarket.…
GCR: Kamala was an easy bet, Biden always went down after the debates.
🦊 GCR made waves in the crypto community when he challenged Do Kwon, the founder of LUNA, to a $10 million bet.
GCR wagered that LUNA's price would be lower a year later. Do Kwon accepted, making it one of the biggest bets in crypto history.
🦊 GCR wanted a larger bet size, so he filled the remaining amount using FTX derivatives, shorting $10 million worth of LUNA in perpetual futures.
Just 2 months later, on May 7th, GCR revealed that this position had already generated a profit of $2.3 million.
🦊 However, by May 2022, over $10 billion in UST was locked in the LUNA ecosystem, compared to $1 billion in 2021.
Ultimately, the price of $LUNA plummeted to nearly zero.
GCR was able to fully cover his $LUNA risk for just $0.72, effectively hedging his entire $20 million short position for less than a dollar.
🦊 GCR made a bold prediction in his final tweet of 2023: "Money printing won't stop. Eventually, holders will outperform traders."
"ETH at 10k is one day programmed." - This is what he said
As we look towards the future, will GCR's prediction come true?
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