Simon Dixon, CEO and co-founder of crypto investment platform BnkToTheFuture, is detailing what he sees happening to Bitcoin once stimulus packages and aid finally run out.
In an interview with Daniela Cambone, Dixon says that private banks could inadvertently crash the real estate market, creating a deflationary mess that wrecks the banks.
“Eventually, I believe that when the stimulus packages stop and helicopter money stops, then the true nature of people’s individual balance sheets comes out and the first place that hits is the real estate markets.
The real estate market is really the mechanism by which private banks create digital currencies every time they issue a loan. So if the banks haven’t sold enough of those toxic assets to your pension like they did before the last financial crisis, then it exposes the banks’ balance sheet for what they are and because banks are definitely too big to fail the impact of that deflation on the global world would be disastrous for all.”
Read more: https://dailyhodl.com/2020/11/16/simon-dixon-predicts-bitcoin-boom-amid-widespread-failure-of-banking-system/