He turned $1k into $1 billion.💵 🚀
This is GCR – the best crypto trader of all time.
This is the key to your first million.
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Ever heard of Gigantic-Cassocked-Rebirth?
GCR, a legendary trader, made waves in crypto, especially on FTX.
Known for sharp predictions, he turned $1,000 into hundreds of millions, leaving an unforgettable mark.
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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?
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Back in 2021, GCR championed memecoins, even when many saw them as too risky.
He once predicted: “20 ETH in SHIB, hold 5 months, and you’ll get $40M.”
By May, just 2 ETH in SHIB had skyrocketed to over $40M, proving his foresight spot-on.
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By October 2021, GCR was placing big bets on Trump winning the 2024 election.
His position grew so large that finding enough liquidity on exchanges became impossible.
He turned to direct OTC deals with Alameda Research.
A year later, a leak from Alameda’s balance sheet revealed they still held $7.3M in unhedged TRUMPLOSE tokens, likely from that deal with GCR.
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On July 22, following the attempt on Trump’s life and Biden’s withdrawal from the election, GCR declared Kamala Harris as the clear choice.
He shared his position on her on Polymarket.
Polymarket Profile http://polymarket.com/profile/0x40324412290b9d311f03b707467c61d88cf141a2…
GCR explained: "Kamala was an easy bet, Biden always struggled after the debates."
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GCR shook the crypto world when he challenged Do Kwon, the founder of LUNA, to a $10 million bet.
GCR predicted that LUNA’s price would be lower a year later.
Do Kwon accepted, making it one of the most talked-about bets in crypto history.
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GCR aimed for a bigger bet, so he used FTX derivatives to short $10 million worth of LUNA in perpetual futures.
Just two months later, on May 7th, GCR shared that this position had already earned him a profit of $2.3 million.
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By May 2022, over $10 billion in UST was locked in the LUNA ecosystem, up from $1 billion the previous year.
However, $LUNA’s price crashed to almost zero.
GCR managed to hedge his entire $20 million short position for just $0.72, covering his risk for less than a dollar.
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In his final tweet of 2023, GCR made a bold prediction: “Money printing won’t stop. Eventually, holders will outperform traders.”
He also stated, “ETH at 10k is one day programmed.”
As we look ahead, could GCR’s forecast become reality?
We put a lot of research and work into this thread before reading it. 🚨 Very Important : 🚨 Please follow @Coinaute e and ❤️ Like + Comment and ➡️ Share this post 🙏 #MarketDownturn
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