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TFTC: A Bitcoin Podcast

#643: The Bitcoin Big Long: Wall Street's Coming Derivatives Crisis with DarkSide2030_

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 23 July 2025

⏱️ 72 minutes

🧾️ Download transcript

Summary

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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Transcript

Click on a timestamp to play from that location

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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