The Financialization of Bitcoin and Bitcoin Money Market Funds

This chapter explores the concept of Bitcoin as a new type of money market fund, discussing how it solves the volatility issue faced by Bitcoin users holding short-term cash balances. It provides insights into existing money market fund solutions and competing products.

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Marty sits down with Théo Mogenet to discuss his piece written for Axiom on the financialization of Bitcoin.

Théo's Twitter: https://twitter.com/theomogenet

Théo's Substack: https://substack.com/@theomogenet

0:00 - Intro
7:00 - Théo’s background
11:06 - Explaining money market funds
16:46 - UK Gilt duration mismatch
22:32 - US bank failures
25:08 - Weaponization of monetary system
39:41 - How Bitcoin fixes this
49:26 - Bitcoin’s increasing demand
52:47 - Through the lens of monetary policy
55:28 - Perpetual markets
1:00:46 - DLCs for futures contracts
1:07:55 - Acquiring liquidity for DLCs
1:18:24 - Nascent companies
1:23:52 - Inciting hyperbitcoinization
1:29:12 - What drives further adoption?
1:40:47 - Théo’s upcoming writing

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