REJECTEDWALL #204
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/204
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RCIF II - Five bullet Friday - Issue # 17
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
Crypto markets continue to be very depressed after the china scare. China's firewall is now blocking all
major Crypto trading sites like Uniswap or Sushiswap. This caused a lot of market panic and forced selling
from bitcoin miners in China.
1. China tried multiple times to kill bitcoin and failed. I remember the China scare from 2017, which pushed
bitcoin from $3000 to $1400 when China tried to stop bitcoin trading. It pushed the largest crypto exchange,
Binance, out of China. It is no secret that authoritarian governments do not like Bitcoin. They want to have
full control over their populace and are worried about losing tax revenue. All the missiles of the government
are useless against solving the mathematical problems of cryptography.
2. The US Government is planning on presenting a annual budget of $6 trillion this year. If the Federal
Reserve was on the Gold standard, the government would have to raise $ 6 trillion dollars of tax revenue and
then buy gold with that $6 trillion and then print $6 trillion US dollars to spend. Now, they ignore the first
two steps and jump to printing money with no backing. I think this is great news for bitcoin and ethereum.
The effect of this money printing can be clearly seen in commodities.
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
Crypto markets continue to be very depressed after the china scare. China's firewall is now blocking all
major Crypto trading sites like Uniswap or Sushiswap. This caused a lot of market panic and forced selling
from bitcoin miners in China.
1. China tried multiple times to kill bitcoin and failed. I remember the China scare from 2017, which pushed
bitcoin from $3000 to $1400 when China tried to stop bitcoin trading. It pushed the largest crypto exchange,
Binance, out of China. It is no secret that authoritarian governments do not like Bitcoin. They want to have
full control over their populace and are worried about losing tax revenue. All the missiles of the government
are useless against solving the mathematical problems of cryptography.
2. The US Government is planning on presenting a annual budget of $6 trillion this year. If the Federal
Reserve was on the Gold standard, the government would have to raise $ 6 trillion dollars of tax revenue and
then buy gold with that $6 trillion and then print $6 trillion US dollars to spend. Now, they ignore the first
two steps and jump to printing money with no backing. I think this is great news for bitcoin and ethereum.
The effect of this money printing can be clearly seen in commodities.
3. Last year I remember writing about the DeFi market finally reaching total value locked in protocols to $1
billion. Today this value is $60 billion. No other industry is growing at this rate. Last year Coinbase trading
volume in May 2020 was $11 billion. In May 2021, Coinbase trading volume was $182 billion so far. The
total trading volume in May 2021 in all the crypto exchanges is $2 Trillion dollars. Many people have not
yet realized how disruptive DeFi technology is against traditional commercial banks.
4. One of our positions, Rari Governance token (RGT) , took a beating last week. One of the pools which is
integrated with Alpha Homora protocol got hacked and the pool was drained. This brought the price down
from $25 to $5 very quickly. However, the team has worked around the clock to fix the smart contract bug
and asked the stakers to vote to reimburse the wallets from the fees generated from the protocol. They have
handled the situation really well and increased my confidence in the team.
5. OHM token is trying to build a decentralized Federal Reserve. Olympus DAO is expected to release their
next version of smart contracts in June. OHM currently has a treasury of $30 million. After the new
version, the treasury will have a larger asset base. The individuals who staked their tokens are constantly
receiving 0.6349% increase every 8 hours. Most banks in the US cannot even provide that much interest even
on a yearly basis.
Please whitelist my address. Some of you have complained that my messages are going into the SPAM folder
in Google, because I have attachments in my messages. I am including the latest article from Wharton about
DeFi.
Have a wonderful weekend!
billion. Today this value is $60 billion. No other industry is growing at this rate. Last year Coinbase trading
volume in May 2020 was $11 billion. In May 2021, Coinbase trading volume was $182 billion so far. The
total trading volume in May 2021 in all the crypto exchanges is $2 Trillion dollars. Many people have not
yet realized how disruptive DeFi technology is against traditional commercial banks.
4. One of our positions, Rari Governance token (RGT) , took a beating last week. One of the pools which is
integrated with Alpha Homora protocol got hacked and the pool was drained. This brought the price down
from $25 to $5 very quickly. However, the team has worked around the clock to fix the smart contract bug
and asked the stakers to vote to reimburse the wallets from the fees generated from the protocol. They have
handled the situation really well and increased my confidence in the team.
5. OHM token is trying to build a decentralized Federal Reserve. Olympus DAO is expected to release their
next version of smart contracts in June. OHM currently has a treasury of $30 million. After the new
version, the treasury will have a larger asset base. The individuals who staked their tokens are constantly
receiving 0.6349% increase every 8 hours. Most banks in the US cannot even provide that much interest even
on a yearly basis.
Please whitelist my address. Some of you have complained that my messages are going into the SPAM folder
in Google, because I have attachments in my messages. I am including the latest article from Wharton about
DeFi.
Have a wonderful weekend!
warm regards,
Sam Ikkurty
Source: samikkurty.com | This document is part of the public record of the CFTC v. Ikkurty case.
Sam Ikkurty
Source: samikkurty.com | This document is part of the public record of the CFTC v. Ikkurty case.
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Submission trackF
StatusREJECTED
Posted2026-04-14T08:14:59.000Z
SHA-256 hash398d855bd5aa1a773dbeb20b913a5fccf45f89b26617a515ed4bdd88d741a651
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