“Where is the yield coming from?” is what Tania Reif wants people to ask themselves before they invest. Reif, the chief investment officer at Senda Digital Assets, says the recent drama in the crypto market is not unlike episodes she’s seen in “traditional markets for the longest time.” She spent years in old-school finance, studying currencies and formulating strategy at Soros Fund Management and Alphadyne and running portfolios at Laurion and Citadel. Now, Reif has her own digital asset fund. Recorded on June 27, 2022.