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

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-about-suicide/how-to-get-help-for-financial-stress-and-mental-health/ #celcius #cryptonews #mentalhealth ⭐️ Join Daniela Cambone's exclusive community ➡️ https://danielacambone.com ➡️ Follow us on Facebook: https://www.facebook.com/StansberryResearch ➡️ Follow us on Twitter: https://twitter.com/stansberry ➡️ Follow us on Instagram: https://www.instagram.com/stansberry_research ➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stanberry-research Chapters: 00:00 Will Celsius be able to turn things around? 4:11 Why does crypto lending matter? 7:38 Have regulators stepped in for crypto lending? 9:10 Risks associated with crypto lending platforms 10:37 Will Goldman Sachs step in to buy Celsius? 12:24 What happens if Celsius goes to bankrupt? 16:30 What kind of bitcoin price drop is expected? 17:41 How long can this crypto ice age go on for? 19:36 How does Simon keep the faith in crypto? 22:26 Is bitcoin still the inflation hedge? 23:43 Final thoughts on investing