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Mark Szemeszki joins the podcast to discuss his highly profitable short crypto trades from last year and why his business cycle theory has him sitting in cash.
Content Highlights
- Three-hundred-and-eighty percent (380%) returns last year. How did he do it? (2:47);
- The macro view and leading indicators are pointing to a recession right now, which makes risk-taking more problematic in the short term (4:17);
- His short crypto trades predate the FTX saga (7:33);
- More on his business cycle theory (10:32);
- Inflationary pressure is real, including from China's reopening (13:37);
- More information on catalysts sought when shorting altcoins (16:17);
- Shorting the narrative on altcoins is a good strategy if you can get a good entry point (20:20);
- Background on the guest (25:08);
- More on his trades last year (27:13);
- Probably 99% of crytpo currencies are useless, even Bitcoin and Ethereum (29:37).
More Information on the Guest
