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.
Transcript (en)
Social trading thing is the future. It's so on the money and it's so in line. I'm going to go infinite. If you look at how well Roaring Kitty did with GameStop, that's the proof of concept for this. Roaring Kitty was super loud about his GameStop trade. He was streaming every single day. He was on the fucking, what the Wall Street bets for and be like, yo, this shit is going infinite. All these people are short. This is my thesis on this idea. And a ton of people rallied around him, probably like the most ever in stock market history. And that was in like 2020, 2021. But it's very obvious because of how social trading is and how this younger generation is so much on social media and so interested in trying to make money in all these different ways. And on-chain is an environment where that makes it even better of an environment for that to happen because of how early you can get in on these coins and how little you have to spend to get in on these coins. So social trading and crypto is going to go infinite for sure. And it's great to have competition between two of the biggest mobile apps right now. 100%. It's super healthy. I have the exact same opinion, share the exact same opinion. You fucking love to see it. This is great, especially for where the market's at. What the fuck does this shit look like with Bitcoin at 200K? Position yourself accordingly and pay attention.
