NEVER Pay Back Your Loans

Kyle and Zhu - Three Arrows Capital 3AC

Three Arrows Capital, a beacon of ambitious optimism in the crypto space, was co-founded by the visionary duo, Su Zhu and Kyle Davies, back in 2012. They transformed 3AC into a powerhouse of the digital asset world with their audacious bets on Bitcoin and Ethereum, and rode the fund's assets to an estimated $10 billion at its zenith. And who could forget the Zhuper-Cycle? As if that wasn't BASEd enough, in 2022, as the crypto market faced unprecedented turbulence, 3AC's levered the fuck out of their fund, and despite the financial whirlwind that led to the fund's bankruptcy, with losses magnifying due to leveraged positions in a plummeting market, the story of Su Zhu and Kyle Davies remains a compelling source of inspiration for our team.

Raoul Pal - Chief Macro Coomer Real Vision

The Crypto Super-Cycle has only just begun, but Raoul Pal at Real Vision has been chief macro-coomer for the wider schizo-asset sector since 2014.

Although Raoul never managed to blow up an institution, he did post this at the top of the last cycle, and we feel that him having the balls to show his face again this cycle has earned him a well deserved place amongst his fellow BASED Bucks:

"Just so we are clear - I am more than irresponsibly long ETH right now. I now have leverage but via calls. This is by far and away the biggest personal position of my entire life by a factor of 10 (or more). My view horizon for this part of the trade is 6 to 9 months." - Raoul Pal on ETH at $4500. 6 months later the price was $900

Unfathomably BASED

Larry Fink BlackRock

Future Lehman Moment in the making. This gentleman is going to make Sam Bankman-Fried look like a 28yr old nobody. Just look at that face and tell me it's not ready to rug every Mom&Pop shop by wiring TradFi into the most volatile sector on the planet.

The sheer carnange in the fallout of the next unwind has already earned Mr. Fink his place in the upper echelons of the BASED Bucks ranks.

Do Kwon Luna/UST/Terraform Labs

Do Kwon was the co-founder and CEO of Terraform Labs, the company behind Terra (LUNA) and its stablecoin TerraUSD (UST). Terra's ecosystem aimed to establish itself as a decentralized financial system through algorithmic stablecoins and a whole range of consumer apps.

Of course, what Do Kwon didn't tell anyone, is that he had previously launched another algostable called Basis Cash which failed spectacularly. Doh! Not content with failure, Do doubled down and before his next blow up had roped in multiple legacy and crypto based institutions.

Recently, Do emerged from his anabolic chamber inside a prison, and with any luck this new dose of testosterone surging through his veins will inspire him to launch another algostable with a little more staying power.

Sam Bankman-Fried FTX/Democratic Party

Sam Bankman-Fried is responsible for the biggest fumble of the last cycle. He had it all. A fund which he ran up from being a one-trick-pony arbitrage shop, into a sprawling empire that touched every corner of the cryptocurrency market. His company, FTX, became synonymous with the crypto boom, sponsoring everything from sports arenas to charity events, and Bankman-Fried himself was hailed as a wunderkind, the face of a new financial era.

The turning point came when a liquidity crisis revealed that FTX had been using customer deposits to cover risky bets made by its sister hedge fund, Alameda Research. Never trust a woman is all that needs to be said there.

This madlad nearly took Maxine Waters down!