REJECTEDWALL #253
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/253
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RCIF II - Five bullet Friday - issue #58
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
We seem to be in the sideways market for the past month. There is no decisive move in either direction.
Bitcoin is still trading at a big discount to its 200-day moving average. Ethereum has recently announced that
they are planning to postpone the merger of proof-of-stake with PoW chain.
1. Federal Reserve only controls short-term interest rates. Now 30-year mortgage rate in US rises to 5.11%,
its highest level since 2010. Last year it hit an all time low of 2.65%. Last year average new home price was
$401,700 while this year it is $511,000. So that means an average household will have to pay 72% increase
in their mortgage payments from last year.
2. I am a big fan of Elon Musk and owned Tesla's stock right after it was listed on the NASDAQ. He
recently stated that most of Tesla's parts suppliers were seeking to raise prices by 20 to 30%. That is a
ominous sign for the markets. Inflation once started ravages the entire economy, as it is hidden tax. Nobody
understands who is causing the prices to go up steadily. But everyone blames each other pitting consumers
against producers. US Government is heavily under reporting the inflation rate so that they don't have to pass
on the higher interest rates to Treasury Inflation protected bonds. I expect this to raise steadily over the years.
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
We seem to be in the sideways market for the past month. There is no decisive move in either direction.
Bitcoin is still trading at a big discount to its 200-day moving average. Ethereum has recently announced that
they are planning to postpone the merger of proof-of-stake with PoW chain.
1. Federal Reserve only controls short-term interest rates. Now 30-year mortgage rate in US rises to 5.11%,
its highest level since 2010. Last year it hit an all time low of 2.65%. Last year average new home price was
$401,700 while this year it is $511,000. So that means an average household will have to pay 72% increase
in their mortgage payments from last year.
2. I am a big fan of Elon Musk and owned Tesla's stock right after it was listed on the NASDAQ. He
recently stated that most of Tesla's parts suppliers were seeking to raise prices by 20 to 30%. That is a
ominous sign for the markets. Inflation once started ravages the entire economy, as it is hidden tax. Nobody
understands who is causing the prices to go up steadily. But everyone blames each other pitting consumers
against producers. US Government is heavily under reporting the inflation rate so that they don't have to pass
on the higher interest rates to Treasury Inflation protected bonds. I expect this to raise steadily over the years.
3. OlympusDAO has finally proposed a new model that will introduce inverse bonds. These bonds will kick in
to provide price stability. This proposal can be seen here. It will set the price bounds for OHM token at 120-
day moving average. According to the proposal, the current 120-day moving average for OHM price is $102.
So, once it is implemented, I can see the price easily track within a few percentage points around the 120-
day moving average price. This is hugely bullish for OHM's market price.
4. Last week I calculated the footprint of the management company of Rose City fund. I have offset 11 tons
of our emissions directly from Klima's website. If I add our fund's position in Klima we are already the single
largest holder of KLIMA tokens. The text I have entered is permanently stored on the Polygon chain. This
message is permanently written on to the blockchain.
to provide price stability. This proposal can be seen here. It will set the price bounds for OHM token at 120-
day moving average. According to the proposal, the current 120-day moving average for OHM price is $102.
So, once it is implemented, I can see the price easily track within a few percentage points around the 120-
day moving average price. This is hugely bullish for OHM's market price.
4. Last week I calculated the footprint of the management company of Rose City fund. I have offset 11 tons
of our emissions directly from Klima's website. If I add our fund's position in Klima we are already the single
largest holder of KLIMA tokens. The text I have entered is permanently stored on the Polygon chain. This
message is permanently written on to the blockchain.
5. Last week, Ravi Avadhanam has attended a crypto conference organized by our legal counsel, Seward &
Kissel in New York city. We hear that a huge number of wall street firms are planning to enter crypto
markets this year. Number of wall street firms are planning to invest in socially-responsible funds which are
generally called ESG funds. This trend has accelerated with Joe Biden's proposal to make US Government
NetZero by 2050.
Kissel in New York city. We hear that a huge number of wall street firms are planning to enter crypto
markets this year. Number of wall street firms are planning to invest in socially-responsible funds which are
generally called ESG funds. This trend has accelerated with Joe Biden's proposal to make US Government
NetZero by 2050.
Have a wonderful weekend!
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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VERIFICATION RECORD
Submission trackF
StatusREJECTED
Posted2026-04-14T08:16:55.000Z
SHA-256 hash023ffa000956b24ba658ac11cf322135477b3d60889fc974dc58a4a2f2eafd3d
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