Simon Dixon, CEO and co-founder of the crypto investment platform BnkToTheFuture, details what will happen to the economy and Bitcoin after the incentive packages and aid are over. Here are important predictions from the world-famous analyst …
Simon Dixon: Deflation in the global world would be a disaster for everyone
In an interview with Daniela Cambone, Simon Dixon says private banks could inadvertently collapse the real estate market and create a deflationary mess that ruins banks. Simon Dixon adds to his comments on the subject:
FINALLY, WHEN THE INCENTIVE PACKAGES STOP AND HELICOPTER MONEY STOP, I BELIEVE THAT THE REAL NATURE OF THE INDIVIDUAL BALANCE SHEETS OF PEOPLE WILL ARISE AND THE FIRST PLACE IS THE REAL ESTATE MARKETS. THE REAL ESTATE MARKET IS THE MECHANISM OF CREATING DIGITAL CURRENCY UNITS WHEN PRIVATE BANKS GIVE A CREDIT. THEREFORE, IF BANKS WERE NOT ATTACHING THESE TOXIC ASSETS TO YOUR PENSION AS THEY HAVE MADE BEFORE THE LAST FINANCIAL CRISIS, THEN THE BANKS ‘BALANCE SHEET WILL NOT ABSOLUTE THE IMPACT OF THAT. DEFLATION IN A GLOBAL WORLD IS A DISASTER FOR EVERYONE.
Simon Dixon: It will be a new currency rather than rescue packages
Simon Dixon believes that unlike the 2008 financial crisis, governments cannot intervene to prevent banks from collapsing, and this requires a new currency. Simon Dixon adds to his comments on the subject:
THIS TIME MAY BE CHANGED BY THE GOVERNMENT’S RESCUE PACKAGE MAY BE CHANGED BY ALLOWING THE RESCUE PACKAGES TO BANK THE BANK BECAUSE OF ALL SOCIAL MALFUNCTIONS, MORE THAN RESCUE AND RESCUE PACKAGES. AND YOU NEED A NEW FORM OF MONEY TO BE INJECTED INTO THE ECONOMY, INSTEAD OF USING SOME OF THESE FDIC (FEDERAL DEPOSIT INSURANCE AGENCY) INSURANCE PROGRAMS. A REALLY SIMPLE WAY TO DO THIS IS TO CREATE AN APPLICATION THAT ONLY THE CENTRAL BANK CAN SAY: ‘EVERYONE DOWNLOAD THIS APPLICATION, YOU GET SOME HELICOPTER MONEY’. IF BANKS FAIL, ANY DEPOSIT YOU HAVE AT THAT TIME WILL BE CHANGED WITH THIS NEW CENTRAL BANK DIGITAL CURRENCY. BASICALLY, YOU EXCHANGE DEBT BASED MONEY GENERATED BY A PRIVATE BANK WITH NON DEBT BASED MONEY GENERATED BY A CENTRAL BANK. WE HAVE A NON-INFLATIONIST MECHANISM TO UNDERSTAND THE ECONOMY AND THEN WE WILL HAVE MONEY WARS, GLOBALLY AND THE IMF WANTS TO DO IT ON A GLOBAL SCALE.
Simon Dixon: As the markets crash, the trend in Bitcoin will be upward!
Simon Dixon points out that people won’t have to worry about their funds freezing in these new central banking practices. But the analyst believes that people should be concerned about their privacy and personal freedom if these new forms of money happen. Simon Dixon emphasizes that during potential bank crashes, he expects BTC to be subject to excessive volatility, but the trend will remain bullish. Simon Dixon adds to his comments on the subject:
I SEE THAT THE BITCOIN PRICE OF 30 DOLLARS FALL TO 3 USD IN ONE DAY. I SEE MY BITCOIN OF 1.250 DOLLARS FALL TO 250 DOLLARS. I SEE MY BITCOIN OF 20,000 DOLLARS FALL TO 3,000 DOLLARS IN A MONTH. I EXPECT MY 100,000 DOLLAR BITCOIN TO FULLY DOWN TO 30,000 DOLLARS, BUT THE TREND IS HIGHLY OPEN. SUPPLY CANNOT BE CHANGED.