#042 - Michael Safai of Dexterity Capital: Trading Between $2 Billion and $4 Billion in Crypto Per Day, And Why Volatility Is Great

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Michael Safai is the Founding Partner of Dexterity Capital, an algorithmic high-frequency trading firm focused on cryptocurrencies. The lean team makes between $2 billion and $4 billion in trades per day. Michael is a seasoned operator in tech, with a multidisciplinary background with careers in tech and law, and an academic background in astrophysics and economics from UC Berkeley. Dexterity Capital are defining – and constantly redefining – algorithmic trading for all areas of the cryptocurrency world. They specialise in market neutral strategies. That means they thrive regardless of whether the bulls or bears are winning. With offices in Seattle, San Francisco, New York, and London they run their strategies 24/7 around the globe.

You can also watch this episode on our YouTube channel. Dexterity's website: https://dexterity.capital/ Michael's Twitter: https://twitter.com/michaelsafai/ Michael's LinkedIn: https://www.linkedin.com/in/msafai/

https://rationalvc.com Timestamps: 00:00 Michael's background 06:54 Dexterity Capital 11:08 Price inefficiencies 15:40 TradFi vs. DeFi 17:52 Due diligence (Seed & DeFi) 20:00 Is Crypto institutional money? 23:50 Current market situation 25:55 Maximalism vs. rationalism 30:00 The web3 discussion 32:42 Operating: how Michael runs his company 40:00 Career advice trying to get into this space 44:00 Mentors and lessons 45:50 Resources to learn 47:40 Wrap up --

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