Ryan Watkins is co-founder of Syncracy Capital, a thesis-driven crypto hedge fund backed by Bain Capital Ventures and ParaFi that made one of the earliest big bets on Hyperliquid. He was previously a Senior Research Analyst at Messari.

We discuss Ryan's top ideas for crypto bull market, the hidden alpha everyone missed at Hyperliquid launch, how to find big ideas early, why keeping a beginner's mind matters, building conviction and sizing into a trade, why Wall Street & Stanley Druckenmiller are finally catching on, crypto markets vs tradfi, assessing the real risks, Solana, who is the real winner in next era of finance, Pumpfun, memecoins, social trading, crypto projects earning real revenue, privacy meta w/ Zcash, and much more…

━━━━━━━━━━━━━━━━━━━━

Thank you for tuning in. If you can spare 5 seconds to leave a review/rating on iTunes or Spotify. It helps grow the show so I can continue to host great guests.

━━━━━━━━━━━━━━━━━━━━

This episode is brought to you by Kraken by Payward. Get Kraken and use code CONVERGENCE1000 to unlock a $1,000 funded account once you pass the challenge at https://www.kraken.com/features/funded

━━━━━━━━━━━━━━━━━━━━

(00:00) Intro
(00:37) Hyperliquid
(03:00) Finding Big Ideas
(06:22) Hidden Alpha
(09:16) Secret to Success
(10:31) Keeping a Beginner's Mind
(11:43) Writing & Conviction
(13:31) Wall Street Discovers Hyperliquid
(14:45) Druckenmiller's Hyperliquid Bet
(16:30) Perpification of America
(19:06) Why Categories Don't Matter
(20:13) All of Finance
(20:35) Sponsored by Kraken
(21:40) Assessing Risks
(26:02) Comparative Analysis
(30:30) Downstream Effects
(34:40) Who wins?
(37:30) Finding Next Secular Trends
(40:09) Social Trading & Memes
(46:51) Weak vs. Strong Form
(48:40) How Syncracy Finds Big Ideas
(52:00) Revenue and Zcash
(56:00) Respect the Pump
(1:00:48) Frameworks & Timing

━━━━━━━━━━━━━━━━━━━━

This episode is brought to you by Kraken by Payward.

Disclaimer: Terms apply. Not investment advice. Crypto trading involves risk of loss and is offered to US customers through Payward Interactive, Inc. View legal disclosures at kraken.com/legal/disclosures. Securities and brokerage services offered by Kraken Securities LLC, member FINRA/SIPC.

Digital asset services offered by Payward Interactive Inc., (NMLS ID:1843762) a FINCEN registered money services business, not a member of FINRA/SIPC and not FDIC insured. Kraken Funded is an unregulated service. Funded traders onboard with Payward Oceanic Ltd. Evaluation fees apply and are non-refundable for each attempt once trading begins, regardless of outcome. Availability varies by jurisdiction.

━━━━━━━━━━━━━━━━━━━━

Convergence is produced by DELPHI MEDIA, LLC, a member of the DELPHI DIGITAL family of companies. This content is solely for educational and informational purposes and is not, and should not be construed as, legal, tax, investment, or financial advice. Delphi is not a financial, tax, or legal advisor. You are expressly advised to consult with a professional advisor before making any investment decisions. Also, the views expressed by Podcast guests do not necessarily reflect those of Delphi.

Guests: Daniel Matuszewski is Co-Founder at CMS Holdings, one of the industry's more prolific funds. Zaheer Ebtikar is the Chief Investment Officer and founder of Split Capital, a hedge fund specializing in liquid token investments.

This episode is a deep dive into the circumstances that led to the cascading liqudiation selloff on Oct 10th, what it means moving forward, why this will happen again, bearwhale shortseller, alts vs BTC, cycle inflection points, new launches in Q4, altcoin ETFs, too many coins thesis, and more...

Thank you for tuning in. If you can spare 5 seconds to leave a review/rating on iTunes, I appreciate it. If you share the show on Twitter, I'll reply everytime! 🔥