
Pius Sprenger Shorted Subprime. Now He Sees It Again.
By Cedric Youngelman
Aired May 4, 2026 · 2h 9m · Last boosted May 9, 2026
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Pius Sprenger has a PhD in mathematics and spent twenty-five years on Wall Street. He was hired to Deutsche Bank in 2004 and ended up on Greg Lippmann's derivatives desk — the desk Ryan Gosling's character runs in The Big Short. In February 2007 he co-built the ABX index with Goldman Sachs and Bear Stearns. He held his short position for nearly three years while senior management told him he was wrong. He was right. He left Wall Street in 2020. Today he is a founding member of the Scientific Bitcoin Institute alongside Giovanni Santostasi and Steven Perino — peer-reviewed rese...
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