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Mati Greenspan’s boss bribed him with 1 BTC to join Twitter: Hall of Flame

Jon Hartney by Jon Hartney
December 30, 2022
in Bitcoin, Blockchain, Business, Market
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Name: Mati Greenspan
Anonymous: No
Twitter followers: 48,000
Known for: The face of eToro for years, Greenspan is a rare moderate voice on Crypto Twitter.

Who is this guy anyway?

The friendly but cynical Mati Greenspan became a well-known crypto market commentator in publications such as Forbes, Bloomberg and The Wall Street Journal as a senior market analyst for eToro until he set off on his own by founding research and advisory firm Quantum Economics in 2019. Hes been on Cointelegraphs Top 100 Notable People in Blockchain for the last two years.

Unlike the talking croissants and anime whales on Twitter, Greenspan is personally accountable for his views, which may explain why hes a lot less bolshie and provocative than some. With 48,000 followers, Greenspan doesnt have the biggest account but does offer informed market insights and alpha. 

His slightly obsessive attitude toward crypto stems from working as a market analyst in the 2000s and watching the financial crisis from an insider perspective.

He believes we have the power to completely displace the traditional finance industry in the next five to 10 years.

Mati Greenspan
Greenspan enjoys long drives in space.

How did he get popular on Twitter?

Greenspan joined Twitter in 2012, the same year he started as a market analyst at eToro. His former boss pushed everyone at the company to start up an account and offered them 1 BTC for their trouble.

Greenspan was one of the few to take up the free Bitcoin offer, and he credits this as the start of his journey down the crypto rabbit hole. His following grew through interviews with major media outlets, which sometimes embedded or quoted his tweets.

He set out to accumulate 10,000 followers, and it was only after high-profile figures such as Crypto Banter host Ran Neuner endorsed him on Twitter that his profile started to rise dramatically, and his followers jumped from 3,000 to 10,000.

Greenspan figured if it worked once, it would work again, and he recalls contacting close friends and saying, Hey, can you give me an endorsement?

What to expect?

Dont expect laser eyes til $100K content from Greenspan. He describes his takes as cynical and sarcastic but says his skepticism has protected him from ever being rugged or scammed and isnt afraid to call out bullshit when he sees it.

If I put out information that I later find out is false information, Ill always disclose it.

Twitter beefs

As a more moderate voice, Greenspan gets into fairly moderate fights, mainly with hardcore fans of various currencies who dont think Greenspan is hardcore enough about their various currencies.

Mild Beef: Saifedean Ammous, author of The Bitcoin Standard.

Saifedean Ammous tweeted asking for one good reason why Bitcoins rigidity and reluctance to change werent totally awesome. Greenspan gave him several and got blocked.

But if you havent been blocked by Ammous, youre not trying. Were not even going to embed the tweet because no one would see it.

Mild Beef: Pete Rizzo, editor of Bitcoin Magazine

Greenspan replied to a tweet by Bitcoin Magazines Pete Rizzo about the Bitcoin 2021 conference by enthusing it was the Biggest crypto conference ever!

Biggest crypto conference ever!

— Mati Greenspan (@MatiGreenspan) June 2, 2021

Rizzo corrected him saying *Bitcoin* and instructed him in the correct terminology: Its a Bitcoin conference, about Bitcoin. Bitcoin is subjective and hence why it is used as an adjective.

In the replies, various acolytes said they were blocking Greenspan for having a low IQ or being a scammer, while one anon account threatened him, saying, Watch your back bro.

Medium Rare Beef: The LINK Marines (Chainlinks frog army)

Greenspan issued a public service announcement that anyone that has been holding LINK since the early days, now the price is at $19, you should take some profits.

This started a firestorm of reaction from LINKs frog army. Not a single one of them knew a single thing about finance and trading, he says, adding this type of crypto fan seems to want to hold the asset forever and never realize any profits.

Chainlinks price has fallen 74% since Greenspans PSA.

Top Quality Beef: Hexicans

Hex fans were upset that he called the project a scam and predicted founder Richard Heart Win would go to jail.

Greenspan spent days arguing with the Hexicans over the alleged inherent scamminess or otherwise of Hex amid frequent claims that Greenspan himself is a scammer who shilled FTX, which he says is a complete lie.

So, two opposing sides calling each other scammers its the perfect Crypto Twitter fight.

If nothing else, it shows that Greenspan is unlikely to have any skeletons in his closet, because exposing them is how @RichardHeartWin took down the now disgraced Australian influencer @AlexSaundersAU when he leveled similar charges against Hex. 

Hex is a scam and @RichardHeartWin will go to jail. https://t.co/4VltjmUhpU

— Mati Greenspan (@MatiGreenspan) November 18, 2022

You guys keep repeating that I shilled FTX.

Why do you feel the need to repeat this lie over and over?

It won't make it true.

— Mati Greenspan (@MatiGreenspan) November 18, 2022

Richard Heart blatantly admits to me that he's using multiple accounts to manipulate public opinion.

I bet he doesn't even see what's wrong with that. What a royal douche. #spammer #botarmy #scammer #Triggered #Hexicans https://t.co/ndNOvEFFuV

— Mati Greenspan (@MatiGreenspan) December 17, 2022

Twitter likes

Greenspan takes a fairly dim view of most of Crypto Twitter and says its disgusting how many accounts are run by scam artists and manipulators.

But hes now a big fan of Coffeezilla (334,000 Twitter followers) after watching his interview with Sam Bankman-Fried. Until he watched the interview, he said, It was easy to give SBF the benefit of the doubt or fall for his spin that it was all a mistake. But Coffezillas interview showed a side to the SBF story that major publications, such as The New York Times, didnt uncover.

Sample tweets

Elon Musk is a joker and a pumper. A proper price manipulator. Why is anyone taking him seriously?

— Mati Greenspan (@MatiGreenspan) May 12, 2021

My mom & dad buying #bitcoin from a vending machine @vons. Feeling so #proud right now!! pic.twitter.com/vIbrXo8zCV

— Mati Greenspan (@MatiGreenspan) January 7, 2020

Get rid of Craig Wright and #BitcoinSV dies.

Remove Roger Very and #BitcoinCash is worthless.

How many ppl would you need to take out to make #Bitcoin disappear?!

— Mati Greenspan (@MatiGreenspan) February 3, 2020

One bitcoin now buys 610 barrels of oil.

— Mati Greenspan (@MatiGreenspan) April 20, 2020

Looking ahead

Greenspan thinks Twitter was headed in the wrong direction even before Elon Musk took over. 

Its become too easy for bad actors to game the system. Personal information, influencing options or just controlling the conversation are all up for the highest bidder in Web2.

However, he says he was recently able to use Twitter and his newsletter to raise double the amount of funding targeted for his Bitcoin mining facility in Texas, something hes proud of during a bear market and without any venture capital funding.

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This was achieved within a few hours by Greenspan tweeting to his followers on May 24: If anyone has balls of steel and $50K to invest, I have a deal of a lifetime for you.

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