Degens and Degenettes,

Welcome to your weekly dose of The Radical Moderate - a smorgasbord of the ideas we’ve been discussing, the money moves we’re making, and fun things that are going on in the community. Share with a buddy if you want :)

Take Of The Week - Bull Case For GLP-1’s

We talked a lot about GLP-1 drugs (think Ozempic and Wegovy), and Eric’s argument was that betting on their success is basically betting on obesity being a sticky problem in America. To anyone who’s paying attention, seems like a pretty obvious bet.

Essentially, the big news was that Weight Watchers acquired a company called Sequence Health. Sequence Health is important because they’re one of the only companies that can administer these GLP-1 drugs remotely.

So now, Weight Watchers has a couple of important things. They have one of the largest email databases in the world of people that not only want to lose weight, but are already willing to spend money to do so. And they now have a company that literally has the magic drug to help them do that. So unless the marketing team at Weight Watchers all collectively decide to take a year long sabbatical, this should be a slam dunk. They’d have to royally f*ck up to not capitalize on this opportunity. Take it as you will, but I’m interested to see how this narrative plays out.

Stocks associated with GLP1 drugs

• Novo (NYSE: NVO) - parent company of Ozempic

• Eli Lilly (NYSE: LLY) - Mounjaro, a new weight loss drug that just got approved by the FDA

• Weight Watchers (NASDAQ: WW) - Acquired Sequence Health

Sh*tcoin Confession Corner

Who doesn’t love a sh*tcoin confession corner? On our Layer Zero episode with Bankless, David described Bankless as the place to get your formal education on crypto, and Alfalfa as the place to hang out with your friends, make drunken-degen bets, and possibly lose your bags. Well, we’re here to follow through on that promise…

Degen bets of the week:

$WINR

• $15M market cap

• Complete degen casino and down about 5% since we talked about it

• Some people come into crypto to invest in a decentralized economy, others come to bet on people’s love to gamble. This coin is the latter

$SKL

• $229M Market cap

• Skale is an EVM compatible gaming L1

• Not much rhyme or reason to this one, just a weird bet by Nick

$RIOT

• This is a Bitcoin mining stonk that the community has been looking at for quite some time

• For all the smack we’ve talked about the viability of Bitcoin mining as an industry, we do think $RIOT is a fun moon-shot

• Ranks top 5 as one of the worst buy-and-hold investment in the world, but when BTC number go up, so does $RIOT

Tweet Of The Week

Takeaways

CZ’s going to jail, America’s injecting themselves with drugs to lose weight, and Bitcoin mining stocks are making a comeback.

Key takeaways from the week is that if you have conviction in a narrative, idea, or in an industry, get your feet wet. Be a little trigger happy and buy some leap calls. There’s asymmetric upside in taking action versus waiting to see how it plays out.

Not sure if we still need to say this, but none of this is financial advice.

Love you all,

Alfalfa Intern