Yesterday there was a conversation between Max Keizer and Simon Dixon, CEO and co-founder of bnktothefuture.com. Where it was concluded that, in the midst of the fight that we observe in the world economy in the face of the COVID-19 pandemic, it seems that Bitcoin will be our lifesaver.
It is important to remember that the fierce advance of COVID-19 produced a major imbalance in the world economy. This has raised concerns about the stability of the international monetary system.
We are facing a global restart of the financial system
Governments are doing everything necessary to alleviate the crisis caused by the pandemic. However, at a certain point, the financial crisis will be a reality, says Dixon.
So, in Dixon’s opinion, the health aspect of the crisis will not be the worst at all.
“I don’t want to be dramatic, however this is a global reboot of the financial system.”
Simon Dixon communicated to Max Keizer.
And that’s not all. The expert says that central banks will let traditional banks die. Dixon explains the reason behind this is that “We will inevitably experience the enormous consequences of essentially the world’s largest regulated Ponzi scheme called fiat currency and banking.”
In this way, Dixon predicts that governments and central banks will create their own digital currencies that will essentially allow them to fail traditional banks without people losing money.
“They will allow banks to fail without people losing their money by giving them the ability to open a wallet with the Central Bank if they had $ 10,000 in their account.”
The problem is that, according to Dixon, it will be a new and worse version of the fiat currency that we have now since it will be created by banks as debt.
Bitcoin is our life saver?
Max Keizer predicted on March 31 that the pandemic will lead billionaires to take refuge in gold, so the only alternative will be Bitcoin (BTC). In this way, it ensures that people buy Bitcoin en masse.
“I predict, and this is not just the latest use case, but the latest irony, that once people realize they can’t get gold, they will start to flock to Bitcoin.”
Max Keizer on his Keizer Report news program.
In fact, Keizer compared gold to “toilet paper for the wealthy.” Likewise, on April 5, he published a Tweet in which he assures: “I have a moral responsibility to maintain my 2011 #BTC HODL’ed.”
In this way, it seems that Bitcoin (BTC) will be the best lifeguard that we will be able to achieve during the coming crisis.