Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Celsius Crisis Could Cause 'Cascading' Price for Bitcoin, Cryptos Warns Simon Dixon

Celsius Crisis Could Cause 'Cascading' Price for Bitcoin, Cryptos Warns Simon Dixon

FromThe Daniela Cambone Show


Celsius Crisis Could Cause 'Cascading' Price for Bitcoin, Cryptos Warns Simon Dixon

FromThe Daniela Cambone Show

ratings:
Length:
28 minutes
Released:
Jul 7, 2022
Format:
Podcast episode

Description

The crypto lending industry, "has created a 2007-style systemic risk event, similar to Lehman Brothers, but built upon digital hard sound money," asserts Simon Dixon, CEO & Co-Founder BnkToTheFuture.com. He describes to our Daniela Cambone that the crypto lender Celsius was pitched to many people as, "a low risk saving account, when actually in fact, it was a high risk security." Dixon shares how he has been rallying the support of the community surrounding Celsius, by providing "better solutions" for a way forward. A doomsday bankruptcy scenario for the company would cause, "cascading liquidations [of cryptos]," where bitcoin would be unfazed, he continues. "I don't care how low the price goes for bitcoin because the fundamentals never change," Dixon argues. He concludes by sharing a heartfelt reason why he felt compelled to help those affected by the current Celsius crisis, and encourages investors to learn from this situation, "have a long-term perspective, get on the right side of trends." Learn more about suicide prevention below and navigating through financial difficulties: American Foundation for Suicide Prevention: https://afsp.org/ SuicideLine Victoria: https://suicideline.org.au/thinking-a... #celcius #cryptonews #mentalhealth
Released:
Jul 7, 2022
Format:
Podcast episode

Titles in the series (100)

There's a thirst for economic and investment know-how. It's not taught in the classrooms or discussed via mainstream media. The Daniela Cambone Show is proud to bring you the exclusive news, interviews, and insight you can't get anywhere else. Host Daniela Cambone sets out to interview the top minds in finance to help explain new investments, opportunities, and industries that otherwise might be a mystery. From cryptocurrency, gold, silver, interest rates, and central banks, to the inner workings of the global economy, Daniela's goal is to get you to a comfortable level of financial understanding to achieve freedom.