BITCOIN SEASON 2: Can Bitcoin Go Negative? How Bitcoin Futures Contracts Work

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4.7 • 698 Ratings

🗓️ 6 August 2025

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt Wraith, CTO of Bitnomial, breaks down Bitcoin futures markets, fork futures trading, and quantum computing risks. Deep dive into physical delivery, market mechanics, and how chain splits create unique trading opportunities. Matt Wraith, CTO of Bitnomial, joins us to talk about the intricate world of Bitcoin futures trading. From explaining physical delivery vs cash-settled futures to exploring the wild possibilities of fork futures markets, Matt breaks down complex market mechanics with real-world examples. We dive into how chain splits could be traded, the quantum computing threat to Bitcoin, and why having oil storage matters when futures go negative. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: - Bitnomial founded 2014, launched futures 2020 - Oil futures went negative in March 2020 - Bitcoin Cash hashrate flipped BTC post-fork - Quantum computer threat "5 years away for 30 years" - Physical delivery requires actual BTC transfer - Fork futures first appeared during SegWit debate Timestamps: 00:00 Start 01:09 Founding Bitnomial 03:32 Regulatory changes 05:16 CTO role 06:09 Multiple hats 07:29 Futures 10:08 History of futures 12:38 Physical delivery 14:48 Storage costs 17:25 Clearing house 18:27 Cash settled 21:22 Bitcoin futures history 25:23 Forks & futures 37:02 Assets on Bitcoin 41:22 Restrictions on futures 45:04 Black Swan pricing 48:18 Quantum 52:52 Presidio Bitcoin Quantum Conference 55:36 Futures as governance - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Searching for a romantic summer getaway. Escape with Rich Girl Summer, the new Audible original
0:05.2	from Lily Chew. The exquisitely talented Philippa Sue, returning to narrate her fifth
0:10.2	Lily Chew title. This time, Philippa is joined by her real-life husband, Stephen Pasquale,
0:15.5	set in Toronto's wealthy cottage country, aka the Hamptons of Canada, rich girl Summer follows the story of Valerie,
0:22.1	a down-on-her-luck event planner posing as a socialite's long-lost daughter, while piecing
0:26.5	together the secrets surrounding a mysterious family and falling deeper and deeper in love with the
0:31.7	impossibly hard to read and infuriatingly handsome family assistant, Nico. Caught between pretending to belong
0:38.2	and unexpectedly finding where she truly fits in,
0:41.3	Valerie learns her summer is about to get far more complicated
0:44.0	than she ever planned.
0:45.8	She's in over her head and head over heels.
0:48.5	Listen to Rich Girl Summer, now on Audible.
0:51.2	Go to audible.com slash rich girl summer.
0:53.8	How do Bitcoin futures work? It's actually pretty simple, but it can get very complex.
0:59.7	For example, if Bitcoin forks, how do we trade each side of the fork?
1:03.8	This has pretty big implications for the future of Bitcoin, and I've got CTO of Bitnomiel,
1:09.2	Matt Rath on the pod today.
1:14.9	We get into this and many other esoteric Bitcoin topics.
1:17.0	Bitcoin Season 2, let's kick it off.
1:25.7	Welcome back to Bitcoin Season 2. I have Matt Raith, CTO of Bitnomial, a digital asset futures exchange.
1:32.5	Welcome to show, Matt.
1:34.5	Thank you.
	...

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