Bittensor: He Moved His ENTIRE Hedge Fund Into Subnets (Siam Kidd)

SUMMARY: In this mindshare session with Jesus Martinez, Siam Kidd (the Chief Investment Officer of DSV Fund) explored how Bittensor ($TAO) is rapidly evolving from a passive holding environment into an active, subnet-driven market.

The conversation centers on a clear structural shift, where capital is steadily moving out of $TAO on ‘root’ and into subnets, positioning subnet ‘$ALPHA’ tokens as the primary source of future upside.

Siam highlights that while $TAO may suit passive participants, meaningful returns increasingly depend on actively selecting and managing subnet exposure as yields and opportunities diverge.

He reinforces this with data-driven insight, pointing to higher subnet APYs (Annual Percentage Yields) and growing subnet market share as indicators that value is compounding within the subnet layer rather than the base asset.

Ultimately, the session frames Bittensor ($TAO) as a learning curve and an evolving capital allocation game, where those who understand flows, incentives, and subnet dynamics are best positioned to capture long-term gains.

By: Jesus Martinez