REJECTEDWALL #206
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/206
PDF Document — 3 pages↓ Download PDF
RCIF II - Five bullet Friday - Issue # 21
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
Crypto market sentiment continues to be gripped in fear and uncertainty. The biggest factor driving this
fear comes from China banning bitcoin mining. This has cut down bitcoin's hashrate by 40% just in a matter
of 2 weeks.
1. It is fascinating to see the new developments coming from El Salvador in real time. Today the president of
El Salvador has announced that they will be sending a gift of $30 worth of bitcoin to everyone's wallet. In
one swoop, the country added an additional 7 million users to bitcoin's network. I have seen announcements
from a number of South American countries like Paraguay, Brazil, mexico, Guatemala are planning to
introduce their own legislation to bring in bitcoin as legal tender. He gave a superb powerpoint
presentation showing how bitcoin helps them with animation! It is breath of fresh air in comparison to the
staged state of union speeches we get here from our politicians 😀
2. Market sentiment is driven from the mainstream media. This point in time feels like deja vu for me. In
2017, bitcoin exchanges were banned in China. It pushed bitcoin price from $5000 to $2000 in a matter of 2
weeks. Mainstream media pushed the narrative that bitcoin was killed by China. Major exchanges like Binance
moved out of China. How did it work out? we reached an all-time high by the end of that year. We are
currently in the same exact position.
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
Crypto market sentiment continues to be gripped in fear and uncertainty. The biggest factor driving this
fear comes from China banning bitcoin mining. This has cut down bitcoin's hashrate by 40% just in a matter
of 2 weeks.
1. It is fascinating to see the new developments coming from El Salvador in real time. Today the president of
El Salvador has announced that they will be sending a gift of $30 worth of bitcoin to everyone's wallet. In
one swoop, the country added an additional 7 million users to bitcoin's network. I have seen announcements
from a number of South American countries like Paraguay, Brazil, mexico, Guatemala are planning to
introduce their own legislation to bring in bitcoin as legal tender. He gave a superb powerpoint
presentation showing how bitcoin helps them with animation! It is breath of fresh air in comparison to the
staged state of union speeches we get here from our politicians 😀
2. Market sentiment is driven from the mainstream media. This point in time feels like deja vu for me. In
2017, bitcoin exchanges were banned in China. It pushed bitcoin price from $5000 to $2000 in a matter of 2
weeks. Mainstream media pushed the narrative that bitcoin was killed by China. Major exchanges like Binance
moved out of China. How did it work out? we reached an all-time high by the end of that year. We are
currently in the same exact position.
3. This week I added 10.06 tokens of YFI to our portfolio. Recently when the YFI price dropped to $25,400
I felt that it is attractively priced. YFI is a decentralized hedge fund that is run by a community of solidity
programmers. These anonymous programmers managed to generate $128 million revenue at a rate of $5.86
million per employee. Came across this table in this article.
4. Last week we added 20,000 more tokens of Rari Capital to our portfolio. I am impressed with the team's
ability to execute on their promises. Very soon, OHM is planning on doing a collaboration with Rari protocol.
I felt that it is attractively priced. YFI is a decentralized hedge fund that is run by a community of solidity
programmers. These anonymous programmers managed to generate $128 million revenue at a rate of $5.86
million per employee. Came across this table in this article.
4. Last week we added 20,000 more tokens of Rari Capital to our portfolio. I am impressed with the team's
ability to execute on their promises. Very soon, OHM is planning on doing a collaboration with Rari protocol.
I like the fact that its total supply is only 10 million. Similarly, We have doubled our stake in KLONX token
in the last 2 months through our staking rewards, even though the market value of those tokens is down.
5. Olympus DAO recently reduced their APY for supply increases. It is still generating massive revenues.
This protocol is making money every day that the price remains above $1. It shares 90% of the profits with
the stakers. We purchased 9158 tokens of OHM as you can see in our retained earnings spreadsheet. Please
note that this is a permanent link: https://docs.google.com/spreadsheets/d/
1XNBr7MIlOZo27Wl1oHmDyFUQcMPm81EmzzdOAuB3rf0/edit#gid=604315129 Even if I don't send the
link, you can bookmark it. Proof-of-stake mining increased our OHM stake to 20995 tokens, even though the
market value in dollars has dropped. OHM dao treasury is worth $25 million now.
I feel the same way as I felt when China fear was spreading in 2017. Bitcoin is math. Those countries that
plug into this open, fair financial network early will bring massive advantages to its citizenry. If something
can be regulated by any government, then it is not really decentralized. I see this as a fantastic buying
opportunity for patient long-term investors.
Have a wonderful weekend!
Sam Ikkurty
Source: samikkurty.com | This document is part of the public record of the CFTC v. Ikkurty case.
in the last 2 months through our staking rewards, even though the market value of those tokens is down.
5. Olympus DAO recently reduced their APY for supply increases. It is still generating massive revenues.
This protocol is making money every day that the price remains above $1. It shares 90% of the profits with
the stakers. We purchased 9158 tokens of OHM as you can see in our retained earnings spreadsheet. Please
note that this is a permanent link: https://docs.google.com/spreadsheets/d/
1XNBr7MIlOZo27Wl1oHmDyFUQcMPm81EmzzdOAuB3rf0/edit#gid=604315129 Even if I don't send the
link, you can bookmark it. Proof-of-stake mining increased our OHM stake to 20995 tokens, even though the
market value in dollars has dropped. OHM dao treasury is worth $25 million now.
I feel the same way as I felt when China fear was spreading in 2017. Bitcoin is math. Those countries that
plug into this open, fair financial network early will bring massive advantages to its citizenry. If something
can be regulated by any government, then it is not really decentralized. I see this as a fantastic buying
opportunity for patient long-term investors.
Have a wonderful weekend!
Sam Ikkurty
Source: samikkurty.com | This document is part of the public record of the CFTC v. Ikkurty case.
Share this record
VERIFICATION RECORD
Submission trackF
StatusREJECTED
Posted2026-04-14T08:15:05.000Z
SHA-256 hash2271307de17a5323f8e33089a9b233106b2b8614b32a9f3f09ee799208e03cfb
Permanent record. This document is permanently archived on Arweave — a decentralised storage network — where it will persist independently of this website, any server, or any court order. The SHA-256 hash above cryptographically proves the document has not been altered since archiving.