This is Roaring Kitty - one of the best retail traders to ever exist.
He turned $53k into $48 million on $GME.
He was offline for 3 years, and today he's back.
Here's his entire story: ur key to 10,000x trade this cycle 🧵👇
Before I begin, I have a favor to ask...
I spent a lot of time writing this article, trying to make genuinely useful for you, so if it's not too much trouble, please bookmark it, repost, leave a comment, or simply hit like 🤍
Quick Overview:
• Keith Gill or @ TheRoaringKitty
shared undervalued GameStop stock on his X page
• He bought it for $53k in 2019
• His bag peaked at $48 million during the GameStop surge
• Gill didn't post anything for 3 years but today he's back:
Who is @TheRoaringKitty
:Born '86 in Brockton, Keith Gill was a college track star.
After earning All-America honors in college he ventured into stock analysis.
In 2019, with bet on $GME he turned into investment icon & CT gigachad, who started memeszn in 2021.
How he did it:
He started his Twitter back in 2014 with a bio "hunting stocks and pouncing on investment opportunities."
In 2015, he also joined YouTube, where he regularly streamed, showcasing his trading & market research.
He also joined Reddit in 2019 under username DFV (DeepFuckingValue)
He used all these social media platforms to push his purchase of @GameStop
/ $GME at $53K in 2019.
He pushed hard, spamming Reddit, YouTube, and Twitter.
Other community members also supported his thesis, leading to a sharp spike in stock prices.
In 2021, $GME peaked at $483.
In Feb 2021, Gill testified to Congress, asserting GameStop was "dramatically undervalued."
Despite a class action lawsuit accusing him of causing "huge losses" to smol investors and violating securities laws, it was dismissed.
Ultimately, Gill earned approximately $48 million, becoming a gigachad, empowering his followers to profit and challenging traditional VCs.
His story underscores the media's potency in markets.
Here's how law professor Joshua Mitts highlighted meme stock rally's unique drivers:
The meme stock rally was propelled by a distinctive mix of elements:
• A surge of new retail traders entering the market
• Abundant liquidity stemming from pandemic stimulus measures and historically low interest rates
• Gill's reputedly substantial and consistent profits
This is particularly applicable in crypto. Here's what we can learn from this story:
1/➮ Strong influencers now have the power to sway markets. Just look at Ansem - he embodies $SOL and $WIF, and his contribution to their pumps is invaluable.
2/➮ Following many influencers can often lead to losses, but choosing the right figure is the easiest path to profit.
If infl and their thesis are strong, the crowd will follow him, which will form the commujnity and lead to pump.
And the crucial thing is just to be early.
3/➮ That's why meme coins have become so popular rn.
In this space, all players are on equal footing, without VCs dumping on u after each unlock from private rounds at 1000x lower valuations.
Maybe this meme szn will just keep going in a never-ending cycle.
Let's see.
➮ Liked this content? I write educational content daily, so don't forget to:
✧ Follow me @Crypto PM
