Only a few investors who got rich from cryptocurrencies understood candlesticks, predictions, psychology, and the things that make one a successful trader. Among the lucky ones is GCR, a mystery trader currently worth about $400 million with a claim of moving funds from a thousand dollars to millions in the market. The anonymous trader is known for predicting market moves and sharing this information on social media.
GCR’s exposure with his excellent strategies, calls, and news has earned the influential trader a significant presence on social media and in the crypto world, pulling up to a gigantic follower base. This article discusses GCR’s road to popularity and how he garnered such an impressive net worth. But before we dive deep into our quest, let’s find out who GCR is.
Who is GCR?
GCR, who goes by the alias “Gigantic-Cassock-Rebirth” on the now-defunct FTX exchange platform, is an anonymous and influential crypto trader known for his presence on social media and various platforms. He is well-known on X (@GiganticRebirth) for his daring trading style and for frequently sharing his views on certain crypto trades, multiple successful predictions, and smart writing across social media platforms. Like many cryptocurrency community members, he chose anonymity for privacy and security reasons.
From 2021 to 2022, he consistently appeared on FTX’s top trader rankings, outperforming many other market players and ranking among the exchange’s top overall profit and loss figures. His true identity is unknown, but he claims to have started with nothing and built his fortune solely through trading.
As the cryptocurrency market entered a bear market in 2022, he rose to prominence due to regular coverage of the results of his “inverse investments,” which were significant short positions spread across several altcoins. When the cryptocurrency fell to zero in April 2022, a $20 million wager against LUNA resulted in a payout that was nearly double.
GCR Background
GCR’s background is unknown to the public, as there is little information available about his early life, education, or prior experiences outside of his crypto-related activities. He occasionally mentions details about his life before he got into crypto.
On his Twitter page, he stated that he began with $1,000 and gradually accumulated his wealth through “crypto tradings and nothing else.” He first rose to prominence by forecasting political events and gambling on sports games. He describes himself as a hard worker, encouraging fellow traders on Twitter (X) to put in more than 120 hours per week during profitable work hours and informing his followers that he has not taken a break in nearly three and a half years, in 2022.
GCR is a contrarian to the core and exploits reflexive market dynamics while being “cautious about going against the herd.” GCR’s reverse thinking strategy demonstrates his thorough understanding of market behavior and group psychology. He realized that in the market, most people’s opinions are often incorrect, and real opportunities are frequently hidden in the opposite direction of consensus. This thought process lets him find profit opportunities in market fluctuations and achieve success through unique trading strategies.
His ability to consistently outperform the market has solidified his position as a prominent figure in the cryptocurrency trading community. He rose to fame in 2021 and 2022 for publicly and successfully trading crypto, amassing a large following across several social pages. But after tweeting what he called “likely my final tweet regarding crypto” in early 2023, he suddenly stopped talking and left X. His social media accounts have been inactive since then.
GCR Estimated Net Worth
As a prominent figure in the cryptocurrency space known for significant trades and market influence, GCR is likely to have amassed considerable wealth, though precise figures are unavailable. Given his immense influence and profitable transactions, he may have amassed a sizable fortune in the cryptocurrency market. According to several online sources, the estimated GCR net worth is around $400 million.
This estimate is based on a recent tweet he sent out mentioning that he would be keeping 10% or less of his net worth on centralized exchanges as collateral. The $39.8 million USDT that GCR recently withdrew from Binance suggests that this sum is merely a small portion of his overall holdings or could be 10% of the overall. This transaction is verifiable on the address of GCR’s cryptocurrency wallet.
GCR Predictions and How He Made His Net Worth
GCR, like many other market analysts, has had a mixed track record. Some predictions have proven correct, while others have fallen short. Because of their outspoken and audacious positions, though, they still have a lot of influence. Let’s discuss some of the predictions that, of course, contributed to his net worth acquisition below.
The “Big Short”
The entire cryptocurrency community was aware of GCR’s wager against Do Kwon and the Terra Luna project. GCR made a $10 million wager in March 2022 as a public challenge to Do Kwon that the price of Luna would drop within a year. He added significant short positions on Luna via FTX derivatives to this well-known bet. GCR’s wager was a huge success, bringing him millions of dollars as Luna’s value crashed to almost zero. This audacious move demonstrated GCR’s contrarian mindset and showed his capacity to spot and seize market opportunities.
SHIB Prediction
Interestingly, GCR also shared his old prediction that “if you put like 20 ETH into SHIB and wait 5 months for full bull peak, you might be worth 40 million” (sic). In May 2021, it was discovered that a trader could profitably invest 2 ETH in Shiba Inu (SHIB) and earn $40 million. This was GCR’s first post highlighting his fondness for meme coins, an asset class that sparked skepticism among traditional traders, particularly in early 206.
DOGE Rise
Early in 2021, during the cryptocurrency frenzy, the value of the well-known meme coin Dogecoin (DOGE) started to rise. The price of DOGE increased by 69,136% by the time it peaked in May 2021, far above its 2020 lows. As a “meme coin,” Dogecoin lacks any practical use or solid foundation. After tech tycoon Elon Musk became interested in it and started tweeting about it, its market valuation unexpectedly rose to $98 billion. The liquidation of short positions held by traders who did not think a joke coin could have such a large market cap was a major factor in the rally.
Conclusion
GCR’s rise from a $1,000 start to a prominent trader demonstrates his meticulous research and strategic skill in navigating the cryptocurrency markets, even though he remains anonymous. Although he’s no longer active on X, his journey has shown that one can rise to the peak by investing and trading cryptocurrency.
