Flame X Hall – Cointelegraph Magazine

James Loup, co-founder of Bitcoin (BTC) security provider Casa, is not as hopeful as the rest of the crypto industry about the United States Securities and Exchange Commission (SEC) giving the green light to one spot Ether (ETH). ) exchange-traded fund (ETF) later this year.

“I doubt we'll see another crypto ETF approved soon,” Lopp told the magazine.

Lopp's bold comment is that SEC chief Gary Gensler's treatment of ether over the past five years has been unfair.

“Look at what Gary Gensler has said over the years. I think it has been asked many times whether ethereum is security or not and he always refuses to make any statement about it. The only reason I can understand for that is because they hope to attack it as a security measure.

The position believes that if the Ether ETF is rejected, it will bring more money into Bitcoin ETFs.

“I expect that the Bitcoin ETF will probably be the only one, at least in the short to medium term, and that simply because there are no other options will lead to many more funds going into Bitcoin ETFs,” he explains.

Lopp is known for his expertise in Bitcoin security, but he finds it limiting when he wants to discuss other topics.

He tried to expand the content on several occasions but said it was like throwing fuel on fire.

“Eventually, you say something about another topic, and you get a response, and maybe you get deleted. “The reason I believe this will happen is because you've broken your audience's mental model,” he says.

So, it's often impulsive when trying to mix it up or discuss a different crypto.

“This happens to me at least several times a year. And usually, because I'm talking about another protocol or another cryptocurrency, then there's a subset of the population that has adopted a set of beliefs,” he said.

The narrative Lopp keeps consistent is that he doesn't like the SEC's stance on crypto: “I think you have to look at the SEC as an adversarial actor and I expect them to do everything they can to prevent other ETFs from starting.” “

What made X famous?

Loup said he has been posting like clockwork in crypto through good and bad times.

But he feels that his efforts during the bear markets did nothing to increase his followers.

“If I had only tweeted during the bull market, I would have gotten to where I am now because that's when most of my followers came in,” he said.

He's one of the lucky ones who gets to keep his last name “Loop” as his X handle, without any jumbled numbers or highlights.

But I don't remember one viral post that contributed to the number of followers to reach 459,300 followers today. He has been putting in strong yards for the past decade:

“There wasn't one specific tweet that gave me new followers during the 2017 market in particular. I remember a month or two around the top of the market where he was getting over a thousand followers a day.

What kind of content do you create?

The LoopX account is a handy encyclopedia on your feed, keeping you in the ‘loop' with Bitcoin updates and self-sustainability tips.

“Whether it's a deep dive I've done, or fun facts I come across, or a fair jab at crypto critics, I regularly tweet educational content because I think it's cool. A little entertainment value,” he explains.

Plus, he knows how to mix some humor into his social media posts.

His all-time favorite post wasn't even about crypto, it was somewhat educational.

In the year In August 2020, it was showing a separate but misleading recycling and rubbish bin with only one bin.

What kind of content do you like?

Loop is mainly following crypto developers and things that are building in the industry.

He is not like others hunting for the next big 100x crypto gain.

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“Short version, I mostly follow builders. Because I got into this matter not so much from the perspective of investment,” he says.

Each central bank has a plan until they find the face of the simple Bitcoin Xittered.

— Jameson Lopp (@lopp) January 15, 2024

It is in the fundamental principles of Bitcoin, such as giving power to the people and standing up to the big investment banks.

“I came into it from a libertarian power dynamic perspective. The idea of ​​de-powering institutions and authorities and so I think I'm always going to be more interested in discussing it,” Lopp asserted.

Price predictions?

Don't bother asking Lop to read your palm because he will tell you directly that he is not good at predicting the future, especially when it comes to Bitcoin prices.

“No, I never do because I'm always wrong,” he laughs.

I find it irresponsible to make bitcoin price predictions.

why? In addition to the fact that no one knows the future, high price predictions cause FOMO.

Because people expect to get rich quickly when they buy bitcoins, they are more likely to get rich quickly.

Education > Consideration.

— Jameson Lopp (@lopp) November 28, 2023

Even trying to cover up an impossible price forecast didn't do the trick for Lop. He recalls making a grim prediction in response five years ago:

“I literally started my tweet as wishful thinking, but if the cycle repeats, Bitcoin will hit $250,000 next year. Even if that's taken out of context, and you don't know what I mean by wishful thinking, this is not a price prediction.

In fact, it is so anti-price forecasting that every time a prominent crypto industry figure makes a false price forecast, he notices it, so he can later have a laugh at their expense.

“I archive this forecast and put it on a calendar reminder for a year or two or three years in the future so I can laugh at them,” Lopp explains.

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Ciaran Lyon

Ciaran Lyons is an Australian crypto journalist. He is also a freelance comedian and has been a radio and TV presenter on Triple J, SBS and The Project.