Transcript
Introduction
Eric
My guest today is David Kalk. David used to run Peter Thiel's macro fund and is currently the CIO of Reflexive Capital, where he spends most of his time managing the crypto-focused liquid trading fund. We start the conversation by asking where we are in the new regime. We then talk about reflexivity and how it applies to crypto.
We also cover his trading process, how he evaluates new tokens, Solana's resurgence, the Bitcoin ETF and more. Please enjoy this conversation with David Kalk. So Dave, this is going to be fun. Crypto is back just like it was 2021. The question that everybody wants to know, are we back.
David
Hi, Eric, thanks for having me. So I think you have a disclaimer. This is not financial advice, not specific to my investment strategy. And I'll just say, you often hear traders talk on a podcast, and they sound really smart about the next 6 months. But you have to be very careful because the risk is they change their mind the next day. The time horizon for a trader is 20 minutes.