Kyle Davies and Su Zhu are again on Twitter, posting in regards to the present bull run.
The 2 disgraced founders of Singapore-based hedge fund Three Arrows Capital have been noticed in the present day throughout Crypto Twitter pushing narratives in regards to the bull run that’s simply kicking off.
Kyle Davies and Su Zhu returned in full pressure to crypto’s primary social media platform, sparking controversy from still-seething traders after 3AC’s hedge fund collapsed in 2022.
“Supercycle nonetheless however you wouldnt blv it (sic),” Zhu tweeted on Feb 26.
Then Friday, in an odd selfmade video that ends with Davies chopping wooden in flip flops, he referred to the euphoria pervading the present market.
“Only a reminder {that a} bull run is a marathon, not a race,” Davies stated, including, “Choose your spots, discover your alpha’s, make some cash.” Within the put up, he suggested his followers to “contact wooden.”
Zhu and Davies are re-hashing their optimistic tweets of the previous crypto rally because the bullish momentum in token costs continues to choose up, with funds flowing in from Wall Avenue by means of spot Bitcoin ETFs. The “Supercycle” was the market thesis driving 3AC by means of the 2021 bull run, which argued that crypto won’t ever have one other bear market, however costs will endlessly development upwards.
The hubris behind the supercycle propelled 3AC, which managed $10 billion at its peak, to tackle debt towards funds it didn’t personal to position dangerous bets in initiatives together with Terra. When UST got here crashing down, along with different main crypto entities like Celsius and BlockFI, the fund couldn’t meet its obligations.
Zhu additionally appeared on the favored present Crypto Banter with Ran Neuner. Zhu spoke in regards to the “supercycle” once more. The dialog prolonged into all realms of the crypto trade, spanning airdrops, Worldcoin, the crowded L1 race between Sui, Aptos and Cosmos, restaking protocols, and the way Zhu’s new firm, OX.enjoyable–a gamified crypto perpetuals buying and selling that spun off its shuttering agency, Open Alternate.
Open Alternate satirically allowed merchants to wager on chapter claims from failed cryptocurrency companies. Its token OX is up 40% in the present day, buying and selling for $0.015, though Coingecko exhibits no market cap.
