THE MINING POD: 2025: The Year of the Bitcoin ETF w/ Jean-Marie Mognetti

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Welcome back to The Mining Pod! Today, Jean-Marie Mognetti, CEO of CoinShares, joins us to talk about the financialization of Bitcoin following the ETF launches. We dive into how derivatives and call overwriting could be compressing volatility and changing price action. He also breaks down the cultural and regulatory differences stifling European adoption compared to the US, and why Bitcoin's ultimate success might be a "bittersweet" signal of global sovereign debt failure.

**Notes:**

* EU ETF market 10x smaller than US

* Bitcoin futures in contango

* Spot liquidity is currently thin

* Options market suppressing volatility

* US dominates global crypto trading

* Sovereign debt cycles are failing

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