In May, after building a following of tens of thousands by making millions trading Bitcoin, “Joe007” threw in the towel. At the time, the pseudonymous trader cited his inability to “afford Twitter.”
So he left, and that was that. Until it wasn’t.
On June 28th, the Bitcoin trader returned. And he’s already begun to pick fights with some segments of the cryptocurrency community.
Bitcoin’s Most Famous Whale Is Back
The allure of Crypto Twitter was too strong for even a dedicated trader like Joe007. The trader, who makes dozens of millions per month as per Bitfinex’s leaderboard, returned after 50 days away.
And he isn’t pulling any of his punches.
His first task was to call out “degenerate crypto-gamblers and S2F cultists.” The stock-to-flow (S2F) model is an econometric analysis by a pseudonymous analyst predicting Bitcoin will hit $100,000 by 2021, then one million heading in the second half of this decade.
Joe007 went on to call out the “idiocy of the Brrr meme.” The “brrr” meme is a narrative in the cryptocurrency and financial markets that the Federal Reserve’s monetary policies will boost Bitcoin.
And lastly, he discussed the “fairy tale narrative” that is “GBTC [is] buying more BTC than miners produce.”
Seeing that Joe007 has returned to Twitter for all of six hours, there’s likely a lot more he has to say. But what that will be remains to be seen.
A Massive Economic Shock Is Coming
One of the most poignant comments Joe007 made before his initial departure was that a massive economic shock is coming.
Echoing the fears of many Wall Street analysts and economists, he wrote:
The Bitcoin trader also shared a paper indicating that it may be a “tough 20 years going forward.”
He did not tie this sentiment to Bitcoin, though there are some saying that a extraneous macro shock will aid cryptocurrencies.
Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt An Infamous Bitcoin Whale Just Resurfaced — and He's Got a Bone to Pick
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