Mike Silagadze🛡 (@MikeSilagadze) / X

Mike Silagadze🛡

3,146 posts

Mike Silagadze🛡

@MikeSilagadze

CEO @ether_fi, founder @TopHat

George Town, Cayman Islands

Joined July 2013

@MikeSilagadze

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Mike Silagadze🛡
@MikeSilagadze
Jan 18, 2025
This is bad for crypto, and bad for humanity. Straight out of idiocracy.
Donald J. Trump
@realDonaldTrump
Jan 18, 2025
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Mike Silagadze🛡
@MikeSilagadze
Nov 19, 2024
Meme coins are a cancer. On chain data shows that >98% of players lose money. It’s more predatory than the worst casino. How long until the meme coin “economy” burns through all available players? Are they going to have a positive impression of crypto after they’re washed up?
Mike Silagadze🛡
@MikeSilagadze
Oct 19, 2025
Most Bitcoin maxis are brain dead and wildly ignorant. Jack is neither of these. Makes me terrified that I’m missing something obvious.
Watcher.Guru
@WatcherGuru
Oct 19, 2025
JUST IN: 🇺🇸 Billionaire Jack Dorsey says "Bitcoin is not crypto."
Mike Silagadze🛡
@MikeSilagadze
Jan 21, 2025
I never post price predictions, but my bet is that if you got into $ETH now you'll be pretty happy by end of 2025 Bookmark this tweet.
Mike Silagadze🛡
@MikeSilagadze
Oct 16, 2024
Cardinal sins of crypto VCs: 1. The multiple first-meetings: You meet with a partner or associate. The meeting goes well. They book another call with one of the other partners. The next call the partner has no idea who you are, wasn’t briefed, hasn’t read the notes, so you have
Mike Silagadze🛡
@MikeSilagadze
Oct 11, 2025
Not a single person got liquidated on their @ether_fi Cash vault. We deliberately set the borrow threshold at ~50% LTV and liquidation at 90%, to prevent users getting themselves rekt. This is what it looks like when a company prioritizes user wellbeing over their own profit.
Mike Silagadze🛡
@MikeSilagadze
Jun 19, 2024
Most VCs in crypto are hilariously predatory. Like, comic book villain moustache twirling level of evil. The kind of shit that would get you blacklisted forever, never-work-in-this-town-again type thing, in any other industry is basically the norm in crypto. Many reasons for
Mike Silagadze🛡
@MikeSilagadze
Sep 13, 2025
Hitting about $1 million per day in spend now. About a 1k transactions per hour during most of the day. Still about 100x to go until we get to the big leagues (i.e. beyond the crypto bubble,) but this is more than almost any other crypto card out there.
Mike Silagadze🛡
@MikeSilagadze
Jul 14, 2025
Pumpfun is a predatory business built on hyper-gambling and negative sum outcomes for all players. The more dominant it becomes on Solana the more permanent of a black mark it is. There are plenty of businesses that make money that are disgusting and exploitative. Payday loans,
Mike Silagadze🛡
@MikeSilagadze
Aug 10, 2025
The largest ETH ETFs have about $20B in assets. They produce zero yield. At best they’ll stake some fraction, enough to cover fees plus ~50bps. ETH treasury companies like @sharplink @ETHZilla_ATNF will stake and do DeFi for ^^^ yield. That $20B is coming, get ready.
Mike Silagadze🛡
@MikeSilagadze
Nov 27, 2024
I don't know who needs to hear this, but if you've made more than $2M you need to put it into @aave and don't fucking touch it. That's your fu money. Everything else you can gamble based your risk tolerance, but the $2M is your safety net. Too many people risking it all.
Mike Silagadze🛡
@MikeSilagadze
Nov 16, 2024
Prediction: by the end of 2025 there will be 10+ protocols on Ethereum that generate enough revenue that they could be publicly listed companies. By the end of 2026 there will be 100+ This is the bull case for Ethereum.
Mike Silagadze🛡
@MikeSilagadze
Nov 24, 2024
For the longest time, I couldn’t figure out why the f he keeps saying this, because it’s so obviously disingenuous. Then it occurred to me: because it’s a threat to his $SOL bags. If Coinbase had chosen to build on Solana he would be shilling it endlessly (like when FTX did)
Kyle Samani
@KyleSamani
Nov 21, 2024
Future of Ethereum is Coinbase
Mike Silagadze🛡
@MikeSilagadze
Feb 11, 2024
The @ether_fi account has been suspended, along with @renzoai and @wormholecrypto and I assume others. Really glad we pay $1000/month for a verified org subscription so that we can submit an anonymous appeal form and have no phone number or email support of any kind ⭐️