Sebhou

Crypto enthusiast and investor.

[Alex Krüger @krugermacro]

What went wrong with crypto

1. 10/10 slaughter (will I get sued if I mention Binance?).

2. Digital Asset Treasuries (DATs) hangover.

3. Reversed flows from crime syndicates: major flows reversed after the DoJ indictment of the Cambodian Prince Group last October.

4. Quantum fears (real).

5. Enormous AI opportunities (opportunity cost):
- capital pivoting to AI
- talent pivoting to AI
- miners pivoting to AI

6. Perception of Bitcoin as American: few Chinese buyers, who had been behind the metals uptrend in large numbers.

7. The Swamp & Institutions taking over, overcrowding OGs and retail
- Pivot from Cypherpunk/Rebel tech to ETF tech.
- Crypto used to be for misfits & geniuses, now it's a line item in a 401k.

8. Trump association and political risks: what happens once Democrats are back?

9. Minimal innovation (since Hyperliquid).

10. Solana casino massacre (thank Pump Fun & the Memecoin Supercycle).

11. Oversupply of coins: there are 29.91 million cryptocurrencies tracked by CoinMarketCap.

12. Almost every coin in the top 200 is grossly overvalued and has had a broken chart for a while.

13. Never ending array of token launches that pump then dump to oblivion where only insiders profit.

14. Dead digital gold narrative.

15. Several categories of equities imploding (e.g. Software).

That killed momentum. With sellers dumping more aggressively than usual on every pump, and buyers not showing up to buy the dips as much any longer.

And then came the Warsh nomination (beating Hassett and Rieder), and the market suddenly became deeply aware that Warsh is a strong advocate of a small balance sheet: goodbye Queantitative Easing (QE) and Yield Curve Control (YCC) dreams, hello Quantitative Tightening (QT) fears.

That is what happened.

Please note this post is strictly descriptive, it tells you what happened, in the past. Prices have already crashed. Several metrics such as volume, liquidations, implied volatility and options skew indicate that a local bottom is likely in.

[Sebhou @sebarnak]

@player2accepted @MagicEden Yeah!

[Sebhou @sebarnak]

@playsolana @player2accepted Yeah!!

[Play Solana | PSG1 @playsolana]

<Player2>

[P L A Y E R S @playsolananft]

You can mint a <Player2> on @MagicEden now.

https://t.co/Zxn3woASy3

[Sebhou @sebarnak]

@martypartymusic What time?

[Jason Ai. Williams @GoingParabolic]

BITWISE PREDICTS $SOL WILL HIT $2,318.90 IN A BEAR CASE AND $6,636.88 IN A BULL CASE IN 2030 - COINTELEGRAPH

[Elon Musk @elonmusk]

@wirelyss @AutismCapital Ross will be freed too

[Sebhou @sebarnak]

@moondotzip ACmu1xRA6bc6RxAVFBj928qV4aHsKUJferwA3eq7jriK

[Sebhou @sebarnak]

@something ACmu1xRA6bc6RxAVFBj928qV4aHsKUJferwA3eq7jriK

[Sebhou @sebarnak]

@something ACmu1xRA6bc6RxAVFBj928qV4aHsKUJferwA3eq7jriK

[Sebhou @sebarnak]

@playsolana @solanamobile Got the preorder thank you! 😁

[Play Solana | PSG1 @playsolana]

PSG1 is a top of the line Web3 gaming dedicated device leveraging the Solana technology:

- Built-in Hardware Wallet;
- Touch LCD;
- Fingerprint sensor;
- Quadcore ARM CPU;
- Built on top of @solanamobile SDK;

The hardware is designed and built entirely from the ground up.

[Sebhou @sebarnak]

@lerivz @CanadiensMTL Oh yeah! C'est clair!!

[Sebhou @sebarnak]

@Tesla @elonmusk At which time we'll know the results tomorrow?

[Cathie Wood @CathieDWood]

Moreover, Musk will not be able to cash in on his options until 5 years after exercising them. Based on this pay package, Elon has worked without compensation since 2018, and IMPORTANTLY current shareholders will benefit from another 5+ years of Elon at the helm.

[Anthony Scaramucci @Scaramucci]

After twisting his arm and locking in disclaimers 😂, @RaoulGMI gave some crypto price predictions along with excellent analysis:

$BTC- $250k
$ETH- $15-20K
$SOL- $750-1k

This was part of a great longer conversation a month ago: https://t.co/ATGpzQ7zkw

[Edward Snowden @Snowden]

Unpopular but true: Bitcoin is the most significant monetary advance since the creation of coinage.

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

[Robert Kiyosaki @theRealKiyosaki]

BITCOIN to $100k by June 2024.

[Sebhou @sebarnak]

@kevindegods Gm Kevin!