Convergence

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…
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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.
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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
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(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
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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.

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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.

Alex Colville, PhD, is co-founder and General Partner of age1, the first longevity-focused venture fund, which he started with Laura Deming. He studied the biology of aging for his PhD in Genetics at Stanford and previously managed more than $100 million in longevity investments and philanthropy.
Why the ChatGPT moment for aging is closer than you think. Alex explains why longevity is exploding now, most exciting areas to invest for biotech, stem cells, epigenetic reprogramming, reversible cryopreservation, NewLimit's big bet, whether one cure exists, peptides, AI in biotech, zero-person biotechs, why AI labs are becoming biotechs, open source vs. secrecy, crypto founders' longevity bets, the story behind age1, moonshots, helping dogs live longer, a Manhattan Project for aging, and the one bet he'd make today.
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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.
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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
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.
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(00:00) Intro
(01:45) Chatgpt Moment for Biotech
(03:57) Why Longevity Is Exploding Now
(07:33) Delay, Replace, Pause, Reverse
(11:09) Growing Fresh Cells From Stem Cells
(16:07) Epigenetic Reprogramming
(19:50) Sponsored by Kraken
(20:56) Reversible Cryopreservation
(22:56) NewLimit's Big Bet
(28:15) Is There One Cure?
(30:10) Peptides Real or Hype?
(34:30) What AI Is Unlocking in Biotech
(36:54) Zero-Person Biotech?
(40:35) Ai Labs Becoming Biotechs
(44:06) Open Source vs Secrecy
(47:18) Crypto Founders Longevity Bets
(50:05) The Story Behind Age1
(55:30) Moonshots
(1:00:55) Dogs Living Forever
(1:03:31) Manhattan Project for Aging
(1:06:38) Contrarian Biotech
(1:09:07) Holy Grail Bet
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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.

Arthur Hayes is a crypto trading pioneer who co-founded BitMEX exchange, creator of the perpetual futures contract that now drives trillions in crypto volume, and is now CIO of the investment firm Maelstrom. His new project Ai project Flop Network is a decentralized marketplace where Ai agents buy computing power using a new form of cryptocurrency.

What happens to Bitcoin or other cryptocurrencies if artificial intelligence continues to accelerate and is able to solve quantum computing or public cryptography? Nic discusses the potential scenarios for the crypto market, Bitcoin forks, doomsday scenarios, market signals to watch for, whether China or North Korea could be involved, and what he expects to happen.
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

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.
(00:00) Intro
(00:27) Bitcoin to 1 Million
(00:57) Why Governments Always Print Money
(03:31) Is AI Stealing Bitcoin's Liquidity?
(04:30) AI Is a Waste of Money
(06:11) Zcash vs. Ethereum
(07:29) Why Only a Few Coins Win
(10:38) China's Coming Money Printing
(11:51) Stablecoins vs. Local Currencies
(14:03) AI Model Companies Are Worthless
(15:17) What Is the Flop Network?
(16:29) Sponsored by Kraken
(17:28) Why Agents Won't Use Stablecoins
(18:56) Agent Poetry and Trading Competitions
(21:17) Why Flop Could Outgrow Bitcoin
(22:52) Is Tokenization the Supercycle?
(24:43) Is Saylor Still Relevant?
(26:12) Will Central Banks Buy Bitcoin?
(27:29) Is Quantum Risk Overhyped?
(27:54) The Most Dangerous Consensus Trade
(29:35) Arthur's Picks: Ethena and Uniswap
(30:20) Why ETH Will Outperform




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.

Nic Carter is an investor, Founding Partner at Castle Island Ventures, previously founded Coin Metrics, and researcher. 

What happens to Bitcoin or other cryptocurrencies if artificial intelligence continues to accelerate and is able to solve quantum computing or public cryptography? Nic discusses the potential scenarios for the crypto market, Bitcoin forks, doomsday scenarios, market signals to watch for, whether China or North Korea could be involved, and what he expects to happen.
 
 
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

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.
 
 
(00:00) Intro 

(00:50) Bitcoin Investor Unrest

(02:08) Finding Risks and Ideas Early

(05:36) Why Bitcoin Needs Upgrade

(07:10) Satoshi Warning About Quantum

(10:06) What Quantum Computers Can Break

(11:46) Sponsored by Kraken

(12:41) Crypto Market Examples

(16:14) Lessons from the Bitcoin Cash Fork

(17:49) The Unavoidable Risk for Bitcoin

(19:54) Race Between China and US

(22:01) The Base Case: Who Gets the BTC

(25:21) Why BlackRock or Coinbase Can't Help

(29:48) Michael Saylor Opinion of Quantum

(34:29) Warning from Google

(36:01) Are Altcoins like ZEC or ETH Safe?

(38:20) How Markets Could React

(41:22) Could This Boost Price

(44:01) The Scariest Part About Quantum Risk

(47:16) Is it Already Too Late?

(48:41) How Ai is Accelerating Risk

(50:08) What Happens Next
 


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!  🔥