Is The Dollar Dead ? | Interview With Simon Dixon

Is The Dollar Dead ? | Interview With Simon Dixon

πŸ‘‡πŸΌπŸ‘€ Watch the full show πŸ“ΊπŸ‘‡πŸΌ

Simon Dixon, the co-founder of BnkToTheFuture, explains the financial problems China will likely face, the strengths the dollar can use to secure its position as the global reserve currency, and why we are looking at a Bretton Woods 3 event.

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00:00 Intro
00:05 Global Macro Trend
0017: China Doesn’t Have the Dollar
01:00 Another Bretton Woods Style Moment
01:28 Interest Rates Going Up
01:52 Bretton Woods 3
02:00 A Fundamental Shift
02:36 Don’t Bet Against the FED
02:58 Weakness in the Financial System
03:05 Central Bank Digital Currency CBDC
03:15 Money Supply & Inflation
03:27 Systemic Risk Event
03:40 Replacement of the Dollar with CBDC

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Crypto Banter is a social podcast for entertainment purposes only.
All opinions expressed by the hosts, guests and callers should not be construed as financial advice. Views expressed by guests and hosts do not reflect the views of the station. Listeners are encouraged to do their own research.

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While the popularity of cryptocurrency is rapidly increasing, it is important to understand the risks and benefits of using it. As a peer-to-peer electronic currency, cryptocurrency is not controlled by a central authority. It is fast, cheap, and invulnerable to censorship, control, and corruption. However, the risks are far greater when you are using cryptocurrency to purchase or sell goods and services. Before you invest your money in cryptocurrency, be sure to learn the facts about it.

The benefits of using cryptos are numerous. Because the technology behind them is rapidly changing, there is little need to worry about losses. There is no central authority to regulate them, and most investors are protected by the SIPC. Because most cryptocurrencies are not regulated, many banks and financial institutions have declined to offer services to virtual currency companies. In addition, governments may have a hard time gathering accurate statistics on how many people are using cryptocurrency. As a result, governments may not be able to track the growth of cryptos or monitor their performance.

While Bitcoin is an important investment, its uses are far more widespread than just finance. For example, it can be used for immigration information, birth certificates, insurance policies, and other documents. Additionally, it can be mined for use as a commodity. Blockchain technology can also be used for smart contracts, and Ethereum has a more complex and sophisticated design than Bitcoin. There are many different cryptocurrencies that can be purchased with the help of a cryptocurrency exchange.

Cardano is another crypto that was created by the co-founder of Ethereum. Cardano relies on proof-of-stake (PoS) transactions, which are simpler to calculate than PoW. The network is being developed in five phases, and Cardano has been dubbed the “Ethereum killer” by many. Although it is still in its early days, it has beaten Ethereum in terms of PoS consensus and has a long way to go for DeFi applications.

In addition to the price of Bitcoin, other cryptocurrencies are showing signs of weakness. Dogecoin was originally created as a joke in 2012, but now it has been backed by Elon Musk and other tech titans. Today, PayPal, Mastercard, and Facebook have all announced their support for cryptos. And while the majority of cryptos are still based on the idea of a central bank, the future of these currencies is not so bright.

Unlike traditional currencies, cryptocurrencies have no central authority. This means that anyone can use them to make payments or buy and sell them. And there are even more advantages for businesses and consumers. Unlike fiat currency, crypto allows for real-time revenue sharing, improves transparency, and eases back-office reconciliation. Further, many of the major cryptocurrency companies are finding that they need to engage with major vendors and clients who want to be part of their crypto ecosystem.

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