Ansem on Roaring Kitty and social trading
Ansem points to Roaring Kitty’s GameStop campaign as the blueprint for social trading going infinite. He describes how Roaring Kitty broadcast his thesis daily, telling WallStreetBets users that heavy short interest meant the stock would rise without limit. This message drew a massive following, arguably the largest rally in stock market history, during 2020 and 2021. Ansem argues this model scales because younger generations are deeply engaged with social media and eager to monetize their attention. The onchain sector amplifies this dynamic by allowing participants to enter positions early with minimal capital. He asserts that social trading in crypto will inevitably reach infinite scale. He also welcomes the current competition between two major mobile apps as a healthy market force. Looking ahead, he questions what the landscape will resemble if Bitcoin reaches 200K.
3w
Ansem on Roaring Kitty and social trading
Ansem points to Roaring Kitty’s GameStop campaign as the blueprint for social trading going infinite. He describes how Roaring Kitty broadcast his thesis daily, telling WallStreetBets users that heavy short interest meant the stock would rise without limit. This message drew a massive following, arguably the largest rally in stock market history, during 2020 and 2021. Ansem argues this model scales because younger generations are deeply engaged with social media and eager to monetize their attention. The onchain sector amplifies this dynamic by allowing participants to enter positions early with minimal capital. He asserts that social trading in crypto will inevitably reach infinite scale. He also welcomes the current competition between two major mobile apps as a healthy market force. Looking ahead, he questions what the landscape will resemble if Bitcoin reaches 200K.
3w
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