REJECTEDWALL #248
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/248
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RCIF II - Five bullet Friday - Issue # 55
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
Market started picking back up despite the negative macro environment. War is an excuse for
governments to print money. The most important statistic to remember is that 80% of all the dollars in
circulation were printed in the last 22 months. In a recent ad for a bitcoin conference, they posted this
statistic on billboards. As long as governments print money it is bullish for digital assets.
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
Market started picking back up despite the negative macro environment. War is an excuse for
governments to print money. The most important statistic to remember is that 80% of all the dollars in
circulation were printed in the last 22 months. In a recent ad for a bitcoin conference, they posted this
statistic on billboards. As long as governments print money it is bullish for digital assets.
1. It is remarkable that the Ukrainian government asked for donations from the public in the form of bitcoins.
In just a month's time, they raised over $100 million dollars worth of crypto funds without any friction. This
is the first real-world case where the governments raised so much money just by announcing their bitcoin
wallet address. It shows the power of Web 3, to raise money without borders and the speed of execution.
In just a month's time, they raised over $100 million dollars worth of crypto funds without any friction. This
is the first real-world case where the governments raised so much money just by announcing their bitcoin
wallet address. It shows the power of Web 3, to raise money without borders and the speed of execution.
2. I completely underestimated the impact of the cascading liquidations. Almost 500,000 tokens of KLIMA
were used by others to borrow. When the price started falling, it caused cascading liquidations causing many
people to lose their positions. There was no way out for the price to go up till this massive debt was paid off.
Even though we did not borrow against our KLIMA we are affected by the price drop.
3. Bond markets in the US are hit with the largest drop in bond prices since 1977. The previous biggest drop
ever happened in 1994, was only -2.9%. This year so far we have dropped by -6.3%. So far we only had one
rate hike and the impact of the next rate hikes are not priced in. Bond markets are much bigger than equity
markets. This sounds very ominous to me.
4. OHM is about to launch Inverse bonds which will create a secondary bond market. This is analogous to the
Federal Reserve creating a bond market, where they are a major participant (whale) in that market. This
creates a yield-curve for OHM bonds, with 1 month maturity to 10-year OHM bonds, similar to US Dollars.
This is a massive game changer for OHM and locks up a huge amount of supply.
5. KLIMA recently launched the beta version of Klima Infinity here: https://www.loveletter.klimadao.finance/
loveletters It is expected to announce a major Oil and Gas company as the first partner to offset their carbon
emissions. This site enables people to write a "love letter to the planet" each time they offset their emissions.
It collects these texts and shows them publicly. These comments are permanently recorded on the blockchain.
At the peak of the bull market, we used to have 3400 tokens of KLIMA, but due to our steady staking
income, we currently have 48,478 tokens of KLIMA.
Have a wonderful weekend!
were used by others to borrow. When the price started falling, it caused cascading liquidations causing many
people to lose their positions. There was no way out for the price to go up till this massive debt was paid off.
Even though we did not borrow against our KLIMA we are affected by the price drop.
3. Bond markets in the US are hit with the largest drop in bond prices since 1977. The previous biggest drop
ever happened in 1994, was only -2.9%. This year so far we have dropped by -6.3%. So far we only had one
rate hike and the impact of the next rate hikes are not priced in. Bond markets are much bigger than equity
markets. This sounds very ominous to me.
4. OHM is about to launch Inverse bonds which will create a secondary bond market. This is analogous to the
Federal Reserve creating a bond market, where they are a major participant (whale) in that market. This
creates a yield-curve for OHM bonds, with 1 month maturity to 10-year OHM bonds, similar to US Dollars.
This is a massive game changer for OHM and locks up a huge amount of supply.
5. KLIMA recently launched the beta version of Klima Infinity here: https://www.loveletter.klimadao.finance/
loveletters It is expected to announce a major Oil and Gas company as the first partner to offset their carbon
emissions. This site enables people to write a "love letter to the planet" each time they offset their emissions.
It collects these texts and shows them publicly. These comments are permanently recorded on the blockchain.
At the peak of the bull market, we used to have 3400 tokens of KLIMA, but due to our steady staking
income, we currently have 48,478 tokens of KLIMA.
Have a wonderful weekend!
Sam Ikkurty
Source: samikkurty.com | This document is part of the public record of the CFTC v. Ikkurty case.
Source: samikkurty.com | This document is part of the public record of the CFTC v. Ikkurty case.
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Submission trackF
StatusREJECTED
Posted2026-04-14T08:16:47.000Z
SHA-256 hashd9778c067ee4d6eecb14fb09b50502b21ad134ba7fec6d203b53affaafc20ed3
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