Partner & Head of Liquid Investments, Finality Capital Partners
6 dated public stances tracked since 2025-08-20, most recently 2025-08-20. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of David Grider's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. David Grider is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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Returns 90d -26.6% 20% correct · 5 calls · 180d -39.6% 20% correct · 5 calls · 1y -39.8% 20% correct · 5 calls
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|
| 2025-08-20 | USTS | bullish | +2.2% | +3.7% | +1.2% |
| 2025-08-20 | MSTR | bullish | -39.9% | -62.6% | -67.4% |
| 2025-08-20 | CRCL | bullish | -44.4% | -55.3% | -39.3% |
| 2025-08-20 | BMR | owns | -32.2% | -43.9% | -57.5% |
| 2025-08-20 | BITCOIN | bullish | -18.6% | -39.7% | -36.1% |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| BITCOIN | 1 | | 1 bullish | 2025-08-20 |
| BMR | 1 | | 1 bullish | 2025-08-20 |
| CRCL | 1 | | 1 bullish | 2025-08-20 |
| MSTR | 1 | | 1 bullish | 2025-08-20 |
| USTS | 1 | | 1 bullish | 2025-08-20 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2025-08-20
long Crypto Other / long VOL
hedge
Forward Guidance · video
Buying near-term calls on a levered VIX product provides cheap tail-risk protection that profits when crypto sells off alongside broad risk-off episodes, cushioning portfolio drawdowns without unwinding core digital asset longs
“those actually cushioned the downside of our portfolio because those calls we bought when crypto traded off”
Crypto Credit Markets Will Rewrite Risk Management | David Grider
2025-08-20
MSTR
bullish
Forward Guidance · video
MicroStrategy preferreds delivered ~9% effective yield while preserving Bitcoin-linked upside optionality, giving credit-like downside protection at a time of macro uncertainty without requiring full spot exposure
“you can get credit like downside but crypto like upside”
90d -39.9% · 180d -62.6% · 1y -67.4%
Crypto Credit Markets Will Rewrite Risk Management | David Grider
2025-08-20
CRCL
bullish
Forward Guidance · video
Circle's net interest margin on stablecoin reserves expands in a rate-hiking cycle, making it an uncorrelated long within a crypto portfolio that profits when rates rise rather than fall
“you could be long Circle…it's going to have an improvement and you could be long a crypto uncorrelated hedge”
90d -44.4% · 180d -55.3% · 1y -39.3%
Crypto Credit Markets Will Rewrite Risk Management | David Grider
2025-08-20
BMR
owns
Forward Guidance · video
Bitmine is an ETH-focused digital asset treasury company run by a strong operator (Tom Lee) and offers direct exposure to what Grider sees as a superior near-term directional setup in ETH versus Bitcoin
“a large portion of our fund is in Bitmine, BMR”
90d -32.2% · 180d -43.9% · 1y -57.5%
Crypto Credit Markets Will Rewrite Risk Management | David Grider
2025-08-20
USTS
bullish
Forward Guidance · video
Crypto corporate credit (senior notes, converts, preferreds on DATs) trades at a yield premium to traditional credit because the market is misunderstood and hard to underwrite, offering credit-like downside with crypto-like upside as the asset class matures…
90d +2.2% · 180d +3.7% · 1y +1.2%
Crypto Credit Markets Will Rewrite Risk Management | David Grider
2025-08-20
BITCOIN
bullish
Forward Guidance · video
Global liquidity remains in a positive tailwind phase — driven by dollar weakness, improving rate expectations on the long end, and expanding M — supporting Bitcoin and risk assets through at least year-end
90d -18.6% · 180d -39.7% · 1y -36.1%
Crypto Credit Markets Will Rewrite Risk Management | David Grider
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