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Weekly deep dives on the most important projects, investment theses and themes in crypto, for globally minded investors. 

Learn from developers and investors at the forefront of crypto from Asia, US, and beyond with investor and host Jason Choi (@mrjasonchoi). Not financial advice.

May 17, 2022

Last week, $60B in value was wiped from crypto in a few days.

Not many saw the collapse of Luna coming - even fewer had the guts to bet on it.

Since the start of the year, Galois Capital has been openly calling out for the impending fall of Luna and endured the barrage of hate comments until 8th May 2022 - the day that Luna started death spiraling. Kevin Zhou from Galois Capital shares with us:

  • Why he was convinced LUNA would implode
  • How he timed his short trade
  • The 4 high conviction trades Galois has taken
  • How Terra Luna can recover - and why its current plan doesn't work

Host: Jason Choi @mrjasonchoi . Not financial advice.

 

------------ Timestamps -------------

(00:00:00) – Introduction

(00:02:20) – Kevin's Thoughts After Luna's Crash

(00:03:53) – Why Did Kevin Think Luna Would Collapse One Day

(00:08:23) – Feasibility of Algorithmic Stable-Coins

(00:16:44) – Shorting Luna or UST

(00:23:06) – Pulling The Trigger On The Short

(00:26:47) – Conviction On Bearish Luna Thesis and Past Plays

(00:34:10) – Black Swan Event or Long Time Coming

(00:40:47) – Thoughts on Terraform Lab's Proposals

(00:54:47) – Replacing Do Kwon To Save Luna

(00:56:31) – Projects That Could Also Death Spiral

 

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----------- More Resources ---------

Guest

Galois Capital's Twitter: https://twitter.com/Galois_Capital

 

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Jason Choi’s Twitter: https://twitter.com/mrjasonchoi

 

------------ Disclosures -------------

Disclaimer: The Blockcrunch Podcast is an educational podcast and newsletter for informational purposes only. The host invest in cryptoassets actively and may hold assets discussed in the newsletter or podcast. All content contained within this podcast is intended for educational purposes only and should not be construed as any form of financial advice. The Blockcrunch Podcast, its associates and affiliates are not liable for any decisions third parties choose to make.