EPISODE · Apr 2, 2025 · 2H 3M
Bitcoin Meets Wall Street: How Futures & Derivatives Drive Global Adoption (with Matt Wraith)
from Hell Money · host Hell Money
Today we’re joined by dear friend of the pod Matt Wraith, CTO of Bitnomial, a Bitcoin futures and derivatives exchange. What starts as a conversation about Bitcoin futures and derivatives trading quickly spirals into a philosophical exploration of financial abstraction, capitalism, and the physical reality of money itself.We cover:- How Bitcoin futures and derivatives work- Good and bad abstraction in financialization- Self regulation in complex economic systems- Matt's journey from physics to Bitcoin- Why money should be expensive and useless- Ordinals, Runes, and Inscriptions derivativesGet bonus content by subscribing to @hellmoneypod on X: https://x.com/hellmoneypod/creator-subscriptions/subscribeOr support the podcast by sending a BTC donation: bc1qztncp7lmcxdgude4px2vzh72p2yu2aud0eyzys 10% OFF INSCRIBING VEGAS: https://pretix.eu/inscribing/vegas/redeem?voucher=HELLMONEY10% OFF BITCOIN 2025: https://tickets.b.tc/code/inscribing/event/bitcoin-2025ORDINALS PROTOCOL SHIRT: https://shop.inscribing.com/products/ordinals-protocol-shirtFOLLOW MATT: https://x.com/wraith_mFOLLOW BITNOMIAL: https://x.com/BitnomialLEARN MORE ABOUT BITNOMIAL: https://bitnomial.com/BOTANICAL.FINANCE: https://botanical.finance/FOLLOW HELL MONEY PODCAST:→ HMP: https://x.com/hellmoneypod→ Casey: https://x.com/rodarmor→ Erin: https://x.com/realizingerin→ Podcast Links: https://hell.money/TIMESTAMPS:0:00 Intro, the Friedman family, SF Bitdevs11:00 Bitnomial: Bitcoin futures & options13:30 How do futures work?18:00 Bitcoin futures21:00 Matt's history with Bitcoin & Bitnomial28:40 Bitcoin derivatives, futures, options, & risk36:00 Oil futures went negative in 202039:00 Complicated economic systems self regulating44:00 21st century economic experiments49:50 Matt's academic history, physics of metals1:01:00 Chicago & the commodities industry1:04:00 Bitcoin futures are a necessary part of institutional adoption1:10:00 Derivatives, financial abstraction, & market stability1:15:00 Investors fund the future, our rigged economic system1:23:00 We need more economic/political experiments1:24:30 Matt's journey to Bitcoin1:30:00 Bitcoin is a tether between digital and physical reality1:35:00 Money should be useless and expensive1:38:00 We don't know everything that Bitcoin can do1:41:30 Instantaneous money transfer1:44:30 Stablecoins on Runes1:46:30 Ordinals, Runes, & Inscriptions futures1:51:00 Trading Places, people are not fungible1:59:00 Outro
What this episode covers
Today we’re joined by dear friend of the pod Matt Wraith, CTO of Bitnomial, a Bitcoin futures and derivatives exchange. What starts as a conversation about Bitcoin futures and derivatives trading quickly spirals into a philosophical exploration of financial abstraction, capitalism, and the physical reality of money itself.We cover:- How Bitcoin futures and derivatives work- Good and bad abstraction in financialization- Self regulation in complex economic systems- Matt's journey from physics to Bitcoin- Why money should be expensive and useless- Ordinals, Runes, and Inscriptions derivativesGet bonus content by subscribing to @hellmoneypod on X: https://x.com/hellmoneypod/creator-subscriptions/subscribeOr support the podcast by sending a BTC donation: bc1qztncp7lmcxdgude4px2vzh72p2yu2aud0eyzys 10% OFF INSCRIBING VEGAS: https://pretix.eu/inscribing/vegas/redeem?voucher=HELLMONEY10% OFF BITCOIN 2025: https://tickets.b.tc/code/inscribing/event/bitcoin-2025ORDINALS PROTOCOL SHIRT: https://shop.inscribing.com/products/ordinals-protocol-shirtFOLLOW MATT: https://x.com/wraith_mFOLLOW BITNOMIAL: https://x.com/BitnomialLEARN MORE ABOUT BITNOMIAL: https://bitnomial.com/BOTANICAL.FINANCE: https://botanical.finance/FOLLOW HELL MONEY PODCAST:→ HMP: https://x.com/hellmoneypod→ Casey: https://x.com/rodarmor→ Erin: https://x.com/realizingerin→ Podcast Links: https://hell.money/TIMESTAMPS:0:00 Intro, the Friedman family, SF Bitdevs11:00 Bitnomial: Bitcoin futures & options13:30 How do futures work?18:00 Bitcoin futures21:00 Matt's history with Bitcoin & Bitnomial28:40 Bitcoin derivatives, futures, options, & risk36:00 Oil futures went negative in 202039:00 Complicated economic systems self regulating44:00 21st century economic experiments49:50 Matt's academic history, physics of metals1:01:00 Chicago & the commodities industry1:04:00 Bitcoin futures are a necessary part of institutional adoption1:10:00 Derivatives, financial abstraction, & market stability1:15:00 Investors fund the future, our rigged economic system1:23:00 We need more economic/political experiments1:24:30 Matt's journey to Bitcoin1:30:00 Bitcoin is a tether between digital and physical reality1:35:00 Money should be useless and expensive1:38:00 We don't know everything that Bitcoin can do1:41:30 Instantaneous money transfer1:44:30 Stablecoins on Runes1:46:30 Ordinals, Runes, & Inscriptions futures1:51:00 Trading Places, people are not fungible1:59:00 Outro
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Bitcoin Meets Wall Street: How Futures & Derivatives Drive Global Adoption (with Matt Wraith)
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