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"Crypto is the dumbest market in the world"
Scott Phillips (@ScottPh77711570) runs HyperTrend — $20M of his own capital, one losing year in six.
His edge? Picking the table big firms can't sit at.
"There's no second-best counterparty in crypto. You see crime, you run towards it — crime is the foundation of edge."
We cover:
- Why crypto still has edge in 2026 — even when your uncle is talking about Bitcoin at Thanksgiving
- The simple rules (buy 20-day highs, top-20 coins) that print through any market
- Why stacking trend + momentum + carry gets you there from a spreadsheet — no automation required
- Price-insensitive buyers (Saylor), price-insensitive sellers (North Korea) & why both are permanent alpha
- The 90-day Binance listing short — an edge hiding in plain sight in market maker contracts
- Why most shit coins trend to zero — and how to trade the ones that don't
- Building a tokenized, permissionless DeFi hedge fund on hyperliquid — 2 & 20, fully on-chain
- Why the best quant firms are run by near-non-verbal autists with one translator
Thank you so much @ScottPh77711570 for coming on the pod!
Highlights:
01:04 Table selection and the math of competitive alpha
06:21 Why basic trend following yields outsized Sharpe in crypto
08:49 Why market inefficiency persists despite institutional inflows
14:58 Price insensitive buyers: Cults, VCs, and North Korean hackers
17:17 Factor analysis and the size-decay effect in shitcoins
25:40 The structural edge in mid-frequency crypto strategies
32:43 Tokenized DeFi vaults and on-chain hedge fund governance
40:43 Designing a robust portfolio: Equal weighting vs. MVO
44:21 Sourcing alpha from ghost chains and VC exit liquidity
49:58 Exploiting market maker contracts and post-listing drift
53:55 Operational alpha: Managing margin and manipulated funding rates
01:01:13 Shifting from quant to CEO
01:11:28 How to bridge the mentorship gap with elite traders
01:22:38 Building network triads: The secret to compounding social capital
01:29:23 Why 10x goals require total identity transformation
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