Crypto

Capo of Crypto: A Controversial and Influential Crypto Trader

Who is Capo of Crypto?

Capo of Crypto is a pseudonym of an anonymous crypto trader and analyst who has gained a large following on Twitter for his bearish and contrarian predictions. Capo of Crypto claims to have been active in the crypto space since 2017 and to have made millions of dollars from trading. He also claims to have a background in mathematics, physics, and engineering.

Capo of Crypto is known for his bold and often controversial statements, such as calling Bitcoin a “shitcoin”, predicting a massive crash in the crypto market, and mocking other traders and analysts who disagree with him. He also uses colorful and humorous language, such as “biggest bull trap I’ve ever seen”, “still short and strong”, and “rekt city”. He often posts charts, screenshots, and memes to support his views.

What are some of his predictions?

Capo of Crypto has made several predictions that have attracted attention and criticism from the crypto community. Some of his predictions are:

  • Bitcoin will drop to $10,000 or lower: Capo of Crypto has repeatedly stated that he expects Bitcoin to fall to $10,000 or lower by the end of 2021 or early 2022. He bases his prediction on various technical indicators, such as the Wyckoff distribution pattern, the Elliott wave theory, and the Fibonacci retracement levels. He also cites macroeconomic factors, such as the rising inflation, the tapering of quantitative easing, and the potential regulation of cryptocurrencies.
  • Ethereum will outperform Bitcoin: Capo of Crypto has also stated that he believes Ethereum will outperform Bitcoin in the long term. He argues that Ethereum has more utility, innovation, and adoption than Bitcoin, and that it will benefit from the upcoming upgrades, such as EIP-1559 and ETH 2.0. He also predicts that Ethereum will flip Bitcoin in market capitalization in the future.
  • Altcoins will suffer a severe correction: Capo of Crypto has also warned that altcoins, or cryptocurrencies other than Bitcoin, will suffer a severe correction in the near future. He claims that most altcoins are overvalued, overhyped, and unsustainable, and that they will lose 90% or more of their value when the market crashes. He advises his followers to avoid or short most altcoins, except for a few select ones that he considers undervalued or promising.

How accurate are his predictions?

Capo of Crypto’s predictions have been met with mixed reactions from the crypto community. Some of his followers praise him for his accuracy, insight, and honesty, while others criticize him for his bias, inconsistency, and arrogance. Some examples of his hits and misses are:

  • Hits: Capo of Crypto correctly predicted the crash of Bitcoin from $64,000 to $30,000 in May 2021. He also correctly predicted the rally of Ethereum from $200 to $4,000 in 2020-2021. He also correctly predicted the rise of some altcoins, such as Solana, Avalanche, and Fantom.
  • Misses: Capo of Crypto incorrectly predicted that Bitcoin would drop to $3,000 in 2019. He also incorrectly predicted that Ethereum would drop to $50 in 2020. He also incorrectly predicted that some altcoins, such as Cardano, Polkadot, and Chainlink, would fail or underperform.

Conclusion

Capo of Crypto is a pseudonym of an anonymous crypto trader and analyst who has gained a large following on Twitter for his bearish and contrarian predictions. Capo of Crypto is known for his bold and often controversial statements, such as calling Bitcoin a “shitcoin”, predicting a massive crash in the crypto market, and mocking other traders and analysts who disagree with him. Capo of Crypto has made several predictions that have attracted attention and criticism from the crypto community, such as Bitcoin dropping to $10,000 or lower, Ethereum outperforming Bitcoin, and altcoins suffering a severe correction. Capo of Crypto’s predictions have been met with mixed reactions from the crypto community. Some of his followers praise him for his accuracy, insight, and honesty, while others criticize him for his bias, inconsistency, and arrogance.

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