Update: just bought some XRP.

Rough thesis starts with the fact that it's survived 13 years and still stands at #3 mcap behind BTC & ETH, despite overwhelming consensus among "smart" crypto twitter (and here) that it's complete nonsense.

So how and why is that the case? I don't know. 

But if I were to *speculate*, it feels reasonable to speculate that it could have something big in the works with US Gov and/or big banks / large financial institutions, and that the current market cap may be buoyed by  wealthy institutions and individuals with inside knowledge of that. Again, purely speculating. I know nothing.

In 2 weeks after the election, BTC went up 50% and SOL 60% but XRP 200%, and then it doubled the following week while the others stayed relatively still. It's just weird. Hard to ignore the idea there's something going on. NFA

this might be the craziest chart in crypto (timeframe = 12 years)

to be clear, i am not suggesting to buy at ATH rn

i almost never buy ATHs personally

that said, sometimes, in retrospect, it is the move

i just personally try to buy far away from ATHs and sell near them

i also have no reason to shill this, not like any of us are going to move the price lol, just interesting

good post https://x.com/goodalexander/status/1922454824307630509

/new-york 🗽 • /untzuntz 😈 • /tastebuds 🍕 Fan of eating tacos and bringing people together, often at the same time 🌮

I have done really well just accepting reality. This is one example.