GCR—widely regarded as the best crypto trader in history—achieved the impossible by turning $1,000 into $1 billion trading altcoins. His sharp predictions and fearless moves have earned him legendary status in the crypto world.
One of his most famous trades was shorting at 90. He became known as a "trading god" for his precision and insights. GCR, short for Gigantic-Cassocked-Rebirth, made waves during the FTX era with remarkable predictions and market strategies that left an indelible mark on crypto trading.
In 2021, GCR was a strong advocate for memecoins, even as others dismissed them as overly risky. He boldly predicted:
"Invest 20 ETH in SHIB, hold for five months, and you’ll make $40M."
By May of that year, just 2 ETH in SHIB had skyrocketed to over $40 million, proving his uncanny foresight.
Political Bets
In October 2021, GCR placed massive bets on Donald Trump winning the 2024 U.S. presidential election. His position became so large that exchanges struggled to provide enough liquidity. To scale up, he struck direct over-the-counter (OTC) deals with Alameda Research.
A year later, leaked balance sheets from Alameda revealed they still held $7.3 million in unhedged TRUMPLOSE tokens, likely tied to GCR’s deal.
Trading Philosophy
GCR is a relentless trader, urging his followers to dedicate over 120 hours per week to trading. He’s admitted that he hadn’t taken a break in 3.5 years. While this level of dedication has brought him unmatched success, questions linger about whether such intensity is sustainable in the long run.
Kamala Harris Prediction
On July 22, GCR made headlines again by predicting Kamala Harris as the likely candidate for the 2024 election. He explained:
"Kamala was an easy bet—Biden always struggled after the debates."
The $10 Million Bet Against Do Kwon
In one of crypto’s most talked-about moments, GCR challenged Do Kwon, the founder of LUNA, to a $10 million bet, wagering that LUNA’s price would be lower a year later. To amplify his position, GCR shorted $10 million worth of LUNA in perpetual futures on FTX.
By May 7, 2022, his position had already netted him $2.3 million in profit. Eventually, LUNA’s ecosystem collapsed, with $10 billion in UST crashing to nearly zero. GCR flawlessly hedged his $20 million short position for just $0.72, covering his risk for less than a dollar.
Final Prediction of 2023
In his last tweet of 2023, GCR made a bold declaration:
"Money printing won’t stop. Eventually, holders will outperform traders."
He also predicted that “ETH at 10k is one day programmed.”
As the crypto world evolves, GCR’s extraordinary success and fearless predictions continue to captivate traders and investors alike. Could his vision for the future once again prove prophetic?
