Back in 2013, a 21-year-old Alec Strasmore took a fateful step that would lead him down an extraordinary path. Presented with the option of buying a $1,500 nightclub table or putting that money in Bitcoin, he decided to use the cryptocurrency instead. Strasmore's early adoption of Bitcoin, buying in at roughly $250 per coin, has given him a unique perspective on navigating the volatile crypto market. Today, he leverages social media, particularly X, to stay informed and make strategic investment decisions while remaining cautious of misinformation and scams.

Early Investment and Conviction

Strasmore’s description of the moment he first chose to invest in Bitcoin is equally colorful.

"I was sitting in a limousine bus for my cousin's bachelor party. I was a 21-year-old kid and I had a choice. Was I going to spend the $1,500 in my own digital currency that might be a bet on the future, or was I going to spend the money on a table in the nightclub?" - Alec Strasmore

So Strasmore made the decision to purchase five and half Bitcoin. He sought to convince many others to follow his lead, but most laughed the suggestion off. His initial conversion to the Church of Crypto sparked his imagination of what it could do, what real-world utility it could have. This impeccable groundwork paved the way for his future exploits into the ever-growing crypto landscape.

Social Media Strategies

Strasmore highlights the relevance of social media platforms, particularly X (formerly Twitter), in the current crypto environment. He warns first-time investors to tread thoughtfully on these platforms, given the abundance of misinformation and scams. Strasmore cautions against profiles that are anonymous or particularly shill-like in promoting certain coins.

"You're looking out for the people who are just megaphones, who are most likely copy and pasting the same content day over day, week over week, and using the word shill," - Alec Strasmore

He further proposes that users blind profiles are generally less trustworthy than users with transparent profiles. These users are happy to bet their reputation on their suggestions.

"If you're an authentic crypto creator with a real personality," - Alec Strasmore"you stand in front of that camera, you put your reputation on the line if you believe in something." - Alec Strasmore

Expertise and Market Navigation

The exposure to other accomplished experts has proved crucial to Strasmore’s crypto journey. He and his original co-founder drew price charts on blackboards in their first Los Angeles office. Since then, Strasmore has developed other cryptos, riding the waves of market booms.

"Due to being an early adopter, I've been able to hang out with some of the best in the space," - Alec Strasmore

Find utility, find use cases Moving away from speculation and betting on shiny new projects has been central to Strasmore’s trading strategy.

"You don't have to be a day trader to make money in crypto. You just have to know where the world's going." - Alec Strasmore