4.8 • 764 Ratings
🗓️ 23 July 2025
⏱️ 72 minutes
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Marty sits down with Scott (@DarkSide2030_), a former Wall Street options trader, to discuss his "Big Long" thesis about how Bitcoin's unique properties as a digital bearer asset will create an unprecedented short squeeze in derivatives markets that could trigger systemic collapse of the traditional financial system.
Scott on Twitter: https://x.com/DarkSide2030_
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0:00.0 | You've had a dynamic where money has become freer than free. |
0:10.0 | If you talk about a Fed just gone nuts, all the central banks going nuts. |
0:16.0 | So it's all acting like safe haven. |
0:18.0 | I believe that in a world where central bankers are tripping over themselves to devalue their currency, |
0:24.4 | Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor. |
0:29.2 | I mean, that's part of the bold case for Bitcoin. |
0:31.9 | If you're not paying attention, you probably should be. |
0:36.3 | All right, take two. |
0:38.6 | I think we're good to go here, Scott. |
0:39.6 | Thank you for joining me. |
0:41.5 | That's a pleasure to be here, Marty. |
0:42.3 | Thanks for having you. |
0:53.0 | Well, I'm really excited about this discussion because, as I was telling you, I had drinks a couple of times in the last two weeks with Puncher down here at the Jersey Shore. |
1:00.8 | And he was singing your praises and trying to explain your thesis around the Big Long, which is what I would like to dive into during this discussion. But before we dive into your thesis around the Bitcoin Big Long, |
1:08.0 | how about we jump into your background, introduce you to the audience? |
1:13.6 | Yeah, sounds good. |
1:14.8 | So not to date myself, I started on the Philadelphia Options Exchange in 1989 as a market |
1:22.0 | maker and kind of did a 25-year sentence on Wall Street, trading Philadelphia, then out to San |
1:29.5 | Francisco on the peak coast, eventually landing in Chicago at the CBOE. |
1:37.0 | Finally, moved upstairs towards the internet bubble and was trading sort of an upstairs hedge fund |
1:42.6 | for lack of a better description. |
1:52.0 | And then after 9-11, kind of took some time off, came back to the business on the brokerage side, |
... |
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