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America December 11, 2021 4 mins read

Chris Sacca Praises Meme-stocks and NFTs, Here Are His Top Tweets This Year

America ı By Rochdi Rais

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Chris Sacca

Billionaire investor Chris Sacca has been vocal about its support to meme-stock buyers. The billionaire warned new traders about the dangers of debt and raised attention about NFTs (non-fungible tokens) in several tweets over the past year.

Sacca's 12 best tweets about meme stocks, crypto, and day trading over the past year:

1. "To everyone who got into trading stocks this year, I have a little hard truth for you: You're not actually that good at it. You just caught a wild bull market. Take some money off the table." (December 23, 2020)

2. "To the angry Robinhood bros who got into trading stocks this year: I was wrong. You're amazing. This has nothing to do with the market. It's all you and your mad skillz. Don't take profits off the table. Double down, on margin. Borrow everything you can. Stonks never go down!" - responding sarcastically to backlash from day traders. (December 24, 2020)

3. "What percent of retail ownership of crypto is supported by leverage? What about stocks? I am beyond worried about the debt lessons that a generation of app traders weren't around to learn a cycle ago." (December 26, 2020)

4. "It's fun to read about home traders making bank. 20 yrs ago, I was one of you. Today I'm here to tell you: *Don't trade with money you don't own.* I know because I did that. I kited my student loans, YOLO'd them to $12m, and then, in an f'ing blink, I woke up $4m in debt." (January 28, 2021)

5. "Debt has no fucks to give when the price collapses. Debt doesn't care who gets the last chair when the music stops. Debt haunts, lingers, & binds. Debt doesn't care about your green paper gainz screenshot, because two weeks later it sees the all-red screen that you never post." (January 28, 2021)

6. "I have axes to grind against a lot of the guys you're wrecking, and I love to hear about real people stacking chips. But, please, from someone who has been there and knows the hopelessness and depression ahead: Don't trade what you can't afford to lose." (January 28, 2021)

7. "I get what's going on with NFTs. Very cool and I am a collector at heart. But I have a feeling this is going to be the tech that finally turns me into the 'Yeah, but I only listen on vinyl' guy." - Sacca added that he doesn't believe NFTs are in a bubble. (February 21, 2021)

8. "Wow. @beeple. $69m for a purely digital work. No matter how you feel about NFTs, don't look away from this. It's okay to not get why someone would pay that, and it's okay to be bummed about the climate impact. But don't be willfully ignorant about what's happening." - (March 11, 2021)

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Rochdi Rais
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Rochdi Rais

Rochdi Rais is the Fractional Head of Growth and financial and legal writer at USA Herald. He has been writing and editing financial, legal and U.S. news for years with over +4000 articles published during his career.

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