"Wall Street Bets Taught Me to Have Faith in the Collective Intelligence:" WSB Founder Jaime Rogozinski

In this week’s episode, I interview Jaime Rogozinski, founder of Wall Street Bets, the famous Reddit trading group which earlier this year organized to push up the price of heavily shorted stocks like Gamestop and AMC to create a short squeeze, which had the double benefit of amplifying the group’s gains and screwing over big hedge funds. Jaime goes over what led him to create the subreddit back in 2012 and how it grew into several thousands and then millions of members. He started Wall Street Bets to make money, but also because he believed the financial system was broken and so-called retail traders should have a chance against the big guys. A lot of those sentiments mirror ideals that fuel the cryptocurrency community and so it’s only natural that after his exit from Wallet Street Bets, he has found his way into crypto.

Thanking our sponsors:

• Balancer, one of the leading DeFi automated market makers (AMM) for multiple tokens. Dive into their pools here!
• Enzyme provides an easy way to build, scale and monetize DeFi investment strategies
• Kraken, consistently rated the best and most secure cryptocurrency exchange, which can get you from fiat to DeFi
• Aave, an open source and non-custodial liquidity protocol where users can earn interest on deposits and borrow assets
• The DeFi Pulse Index, by Index Coop - DPI is the easiest way to capture the upside of DeFi with the benefit of diversification.  Buy DPI today on your favorite DEX.