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#bitcoin TradFi escapee
The Analyst
Jeremy is a deep thinker and a TradFi escapee who lives and breathes Bitcoin. With a prolific tweeting habit focused on detailed financial mechanisms and market behaviour, he dives into the complexities of Bitcoin adoption versus traditional finance. His analytical nature shines as he unpacks potential futures for ETFs, derivatives, and market dynamics with precision.
If Jeremy's tweets were any denser, they’d require a PhD and a strong coffee just to get through the first two paragraphs — perfect if you want to clear out followers faster than TradFi clears out portfolios in a crisis.
Jeremy’s biggest win is his early recognition and public discussion of the risks posed by ETF rehypothecation and TradFi market control tactics, showing unmatched foresight in Bitcoin’s evolving landscape.
Jeremy's life purpose is to illuminate the intricate and often hidden influences of traditional finance on the emerging Bitcoin ecosystem, empowering his followers to make informed decisions and understand the long-term implications of financial innovations and regulatory shifts.
He firmly believes in Bitcoin's long-term potential as a transformative financial technology while recognizing the ongoing 'fuckery' and manipulation within TradFi. Transparency, informed discourse, and critical examination of market mechanics underpin his values, alongside a pragmatic acknowledgment of systemic challenges.
Jeremy's greatest strength lies in his ability to dissect complex financial topics into insightful theses grounded in real market data and thoughtful risk assessment, making him a trusted voice for serious crypto enthusiasts and market watchers.
His highly detailed and technical style may intimidate casual followers or newcomers to Bitcoin, potentially limiting his audience to only those already versed in financial jargon and concepts.
To grow his audience on X, Jeremy should mix his deep-dive analytical content with approachable, bite-sized explainers and engaging visuals. Collaborating with influencers who simplify crypto concepts could help him bridge the gap to a broader audience and boost engagement.
Fun fact: Jeremy has been calling out the risks of rehypothecation and financial market antics a decade ago, proving his foresight and deep understanding of TradFi's impact on new financial technologies.
Top tweets of Jeremy
There are two ways to rehypothecate #bitcoin and IMO TradFi will eventually try both. 1) Coming soon rehypothecation of ETF shares that will absorb more demand then spot market would otherwise. This is what everyone cheering cross collateralization doesn't say. Also any attempt at ETF proof of reserves needs to try to factor in total share rehypothecation using DTCC data, which is not clear cut. 2) Eventually by way of high EFP requirements & changes to their S1s, some ETFs will lend some of their actual coin. In fact this could be done one day to relieve a conceptual stress scenario from #1 above. Either way TradFi will eventually after being a tailwind for the coming cycle become a headwind to #bitcoin price appreciation at least for a future short to medium term perspective. Especially if price discovery moves to some degree to the ETFs, especially if derivatives markets grow to be many times the size of the spot market and the tail begins to exert it's will on the dog. One reason this could happen quicker than people think is because there isn't enough spot borrow to arb a potentially much larger derivatives markets with the spot market prior to ETF share rehypothecation, soon there will be. If 2022 proved anything it is a death sentence to naked rehypothecate spot #btc. That is why I expect TradFi to use high barriers to EFP (already in place) and a TradFi wrapper backed by force majeure contingencies (already in place), ability to turn off buys (i.e. GME) & ultimately support from the Fed (already in place for all DTCC solvancy scenarios). To be clear this does not kill #btc and it does not impact the functionality of the network for those holding their own keys. But if the above does play out some day, the only way to break free from the scenario is for continued protocol level adoption (not TradFi wrappers). If not #bitcoin for all of its advantages becomes gold from a price perspective. And a gold that no BRICs nation will want to monetize ahead of their existing gold bags. I'm no bear and I'm dedicated to #bitcoin for the long game at play. But we can't fight (or compete) with that which isn't discussed. If anyone thinks I've missed something, happy to discuss to improve upon my thesis.
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Most engaged tweets of Jeremy
There are two ways to rehypothecate #bitcoin and IMO TradFi will eventually try both. 1) Coming soon rehypothecation of ETF shares that will absorb more demand then spot market would otherwise. This is what everyone cheering cross collateralization doesn't say. Also any attempt at ETF proof of reserves needs to try to factor in total share rehypothecation using DTCC data, which is not clear cut. 2) Eventually by way of high EFP requirements & changes to their S1s, some ETFs will lend some of their actual coin. In fact this could be done one day to relieve a conceptual stress scenario from #1 above. Either way TradFi will eventually after being a tailwind for the coming cycle become a headwind to #bitcoin price appreciation at least for a future short to medium term perspective. Especially if price discovery moves to some degree to the ETFs, especially if derivatives markets grow to be many times the size of the spot market and the tail begins to exert it's will on the dog. One reason this could happen quicker than people think is because there isn't enough spot borrow to arb a potentially much larger derivatives markets with the spot market prior to ETF share rehypothecation, soon there will be. If 2022 proved anything it is a death sentence to naked rehypothecate spot #btc. That is why I expect TradFi to use high barriers to EFP (already in place) and a TradFi wrapper backed by force majeure contingencies (already in place), ability to turn off buys (i.e. GME) & ultimately support from the Fed (already in place for all DTCC solvancy scenarios). To be clear this does not kill #btc and it does not impact the functionality of the network for those holding their own keys. But if the above does play out some day, the only way to break free from the scenario is for continued protocol level adoption (not TradFi wrappers). If not #bitcoin for all of its advantages becomes gold from a price perspective. And a gold that no BRICs nation will want to monetize ahead of their existing gold bags. I'm no bear and I'm dedicated to #bitcoin for the long game at play. But we can't fight (or compete) with that which isn't discussed. If anyone thinks I've missed something, happy to discuss to improve upon my thesis.
Add this to the reasons why a Strategic Bitcoin Reserve is the wisest thing we can do to shore up USD. It secures our d…
BREAKING NEWS THE INTERNATIONAL MONETARY FUND IS WARNING THAT THE EROSION OF TRUST IN CENTRAL BANKS CAN BOOST INFLATI…

