Did you know Su Zhu once managed $10 billion in assets?
Misunderstood genius or degenerate gambler?
I followed Su Zhu’s story with great interest.
I first heard of him at least 1.5 years ago when I was going down the crypto rabbit hole.
He, along with many others, had a cult of personality, and was like a warlord.
And Crypto Twitter was his battlefield.
And boy did he wage wars and command respect.
Amassing nearly half a million followers, people worshipped him.
Why wouldn’t they?
Su Zhu was spearheading one of the largest crypto hedge fund in the world.
He has a strong resume, a good track record and a throng of die-hard fans supporting his every move.
He was making bold predictions, making big money and making magic, quite literally.
Su Zhu is the Co-Founder, CEO, and CIO of Three Arrows Capital.
“The two traders, Su Zhu and Kyle Davies, are co-founders of Three Arrows Capital, the Singapore-based fund that had once boasted of having as much as $10 billion in assets — pretty much all of it in digital currencies, non-fungible tokens, and the like.”
Like Do Kwon, Arthur Hayes, Cobie, Elon, Michael Saylor and many others, Su Zhu was so entertaining on Twitter.
Fiery at times, witty with his comebacks and sticking to his gut.
Giving advice on when to buy in a bear market.
Telling people what to do on Twitter.
Theorized a supercycle in crypto and backtracked saying it was all wrong.
Misleading regulators and MAS in Singapore.
Buying $50M mega yachts with cash.
His $35M good-class bungalow in Singapore, which was moved to a trust for their 3 yo child.
Yup, their baby has a trust with an exclusive, multi-million dollar GCB in it.
That is what I call “set for life”.
Getting too chummy with Do Kwon.
Making huge, ultra-risky bets with his hedge fund.
He confidently tweeted that Luna collapse will not affect 3AC.
Like many others, was shilling Luna aggressively, before it came apart.
Blamed everything on BTC tumbling down in price.
You know what they say right.
Scrutinise anyone long enough and you will find dirt.
The point is not to put Su Zhu or anyone down.
They did what they had to do, to get what they wanted.
Somehow, we were the ones who got fooled or perhaps we enabled people like him.
So maybe it really is on us, the people, the listeners, the followers, the ones who give these warlords “imaginary powers and strength”, to really be a bit more discerning.
To be a little more thoughtful and appreciative.
There will always be another Su Zhu or Do Kwon to take their places when they are dethroned.
You can trust me on that.
We just need to be more discerning and smarter with what we consume and read, before supporting and making irreversible decisions.
Will there be more Su Zhus and Do Kwons in the future?
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #suzhu #meme #3ac #downfall #lessons #twitter #dokwon #ceo #money