The Return of Roaring Kitty
The Breakdown
Blockworks
4.8 • 806 Ratings
🗓️ 15 May 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.3 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:18.4 | What's going on, guys? It is Tuesday, May 14th, and today we're talking about the return of roaring |
| 0:24.2 | Kitty. Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, |
| 0:28.5 | give it a rating, give it a review, or if you want to dive deeper into the conversation, |
| 0:32.1 | come join us on the breakers discord. You can find a link of the show notes or go to bit.ly slash |
| 0:36.2 | breakdown pod. |
| 0:43.7 | All right, friends, well, as we discussed yesterday, there are a number of crypto ads political follow-ups. However, first, we have to get into a story which has captured everyone's attention, |
| 0:49.1 | and that is that Keith Gill, aka Roaring Kitty, aka Deep Effing Value, made his return to Twitter on Sunday night. |
| 0:56.8 | Roaring Kitty has not posted in almost three years. His return was a meme of a gamer |
| 1:01.9 | bolting upright in his chair, suggesting that the game is back on. Now, what game is that? |
| 1:07.0 | Well, Roaring Kitty was the central figure of the GameStop short squeeze of 2021. |
| 1:11.3 | He was an individual investor that launched the meme stock crazed with a thesis that GameStop |
| 1:15.4 | was vastly undervalued. This thesis went viral across Wall Street bets, but Roaring Kitty continually |
| 1:20.6 | insisted that he wasn't coordinating a pump. He simply liked the stock. GameStop rose from a price |
| 1:25.5 | of $4 in December 2020 to be traded at several |
| 1:28.3 | hundred dollars the following month. It's difficult to give a precise top in terms of where it went, |
| 1:33.1 | as so much of the frothy trading happened pre-market and off-market via secondary trading venues like |
| 1:37.5 | Robin Hood, but at the peak of the mania, Robin Hood turned off the buy button, leading |
| 1:41.6 | to claims of market manipulation from retail investors. |
| 1:48.8 | The heads of marketmaker Citadel Securities, Hedge Fund.72, and Robin Hood were all hauled before Congress to explain themselves. Roaring Kitty was also present, giving now legendary |
| 1:53.1 | testimony from his basement, complete with a stained wall and a poster of a cat featuring |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.