Hello everyone this
is adam meister the bitcoinmeister the
disrupt meister welcome to the one
bitcoin show today is march in the 23rd
2020 strong hand golden age of the 2020s
bitcoin is the next bitcoin in motion
don't FOMO on alts I'm offended by
selling we're one day closer to the 2020
having people we're going to talk about
the 2020 having hey look who my guest is
today this wasn't plans for the moment I
love it
Simon Dixon returns to the show he's
here to tell you what's going on in
these incredible times that we're living
through hello my elite friends that are
watching this live you can ask questions
type in bitcoinmeister do a super chat
I'm sure a lot of you have questions for
Simon Dixon
Simon Dixon is on the Isle of Man right
now welcome back Simon Dixon hey it was
a pleasure to be here it seems like the
whole world has changed since we lost
weight kind of well it has changed it
really has changed you and I were just
talking off air that the having is still
happening and we're going to talk about
that but right now the the United States
is coming up with all sorts of economic
solutions for the current situation do
you think the world economy is going to
continue to be shut down and for how
long do you think this is necessary
what's going on in the Isle of Man yeah
I do believe it's necessary I believe
that we we you know what I've been
talking about for for over a decade now
is I think it was one a YouTube video I
looked back at it and there was a video
released in 2010 it was called the Great
Depression of the 2020s I actually
recorded it before Bitcoin and I was
giving a presentation on the financial
system and the Ponzi scheme of fiat
currency
and in that video I talked about how you
know you have these that the fact that
you have this roll over of debt through
financial engineering and then you have
these systemic risk events that expose
the weaknesses of the financial system
you know this is probably and I always
said in other videos as well that you
will never really know what that event
is going to be so in you know to expose
the subprime crisis we had you know the
investment bankers taking over Iceland a
small island of a couple of hundred
thousand people this one is the it is
the end of the Ponzi scheme as we know
it and I believe will be followed up by
radical reform but primarily firstly we
need to work on this health crisis and
the cold hard reality is that think what
you like about the government
libertarian capitalism communism
whatever it is we have a health crisis
that is very real and it requires you
know everybody to act in a certain way
and to isolate and the complete shutdown
of the economy as we know it which I
believe gives the perfect opportunity at
the end of this and through all the
trauma and stress and pain that's going
to be caused as a result of this this
worldwide global pandemic that at the
end of it we've got the amazing
opportunity to actually question
everything that we have fallen into such
as our financial system you know we're
operating the world's largest regulator
Ponzi scheme in quartier currencies and
at the end of this we have the complete
destruction of the financial system as
we know it this is every government in
the world con point fingers at each
other at this time they need to learn
from each other they need to recognize
that if one government doesn't act in
the right way it affects the whole of
humankind and we have never seen a
situation like this in my lifetime and
that we have
you know this unique time in human
history whereby the economy shuts down
as we know it and we have the choice
after that to go back to what we had
after ever all the morning is through
and you know the the the the destruction
of this health crisis but we have the
option to actually question things now
you know is it ethical that the US has
sanctions on on countries like Iran in
times like this in this health crisis
well absolutely is not we need to get
over these political matters you know
we're going to actually see that the
entire world of what it's actually like
when we don't over pollute the world
we're actually going to see these things
for the first time while everyone is in
isolation we're going to see so many
different things that we've never seen
before and that will the the cold hard
reality is is that governments have no
choice but to throw everything that they
have at this you know if that many
people are going to be out of jobs they
have to subsidize all of them you know
if people can't go and make things in
factories then people are going to be
signed at home figuring out how robots
fill those factories in the future and
the impacts of this are on a scale that
I think we have never seen before and
you know the the financial system that
has been this disgusting disastrous
Ponzi scheme that has created this you
know incredible amount of you know
indebtedness globally for governments
for individuals for businesses for
everyone is actually going to be
completely disrupted as a result of the
trillions and trillions and trillions
that global governments around the world
are gonna need to print in order to
actually get us out of this situation
and really they have no choice from my
perspective if people think that you
know this is a time to think about
libertarianism and you know
and lazy fat this is not the time this
is the time when you know businesses
need to create incredible creative
solutions people that need to be sat at
home thinking of what they can do now
that we have the technological
innovation through the internet and
we're going to have to rely upon
government to actually cooperate and
collaborate to get us over this health
crisis and that is literally going to
mean printing trillions which is the
complete destruction of the financial
system as we know it today the
interesting thing is that now we get the
massive opportunity of radical monetary
banking reform that has never been in a
more interesting time to do that to
repair this destruction without actually
you know we have the choice to rebuild
our financial system after this because
the existing financial system does not
exist in the way that it did before this
is you know this is so significant all
right now everybody pound out like bunny
as you can see Simon he's got some
different tapes on this than what you've
been hearing on this channel but what we
can't agree on here is that it is
unprecedented what we're going through
there's no doubt about it we definitely
haven't lived through anything like this
before so being that it's unprecedented
we cannot predict what is gonna come out
the other end of this man so you you're
saying we're gonna come out better Ted
the only solution is government printing
a bunch of money that will destroy money
basically but on the other end of it
it'll be good wolf goodness we'll come
out on the other end um I think that's
risky right there um I think we could
end up with a bunch of totalitarian
fascist dictatorship regimes if people
get too used to following the
government's lead here and we might end
up with the really bad economic system
if everything totally implode
it collapses like you like you say there
you don't need to clap these things you
just have to do things completely
differently for example in the American
Civil War and the wall was actually you
know funded by the government actually
printing debt-free money called the
greenback and our greenback was actually
a fight against and fractional reserve
banking of money printing and he used
the crisis as an opportunity to
introduce debt-free money into an
economy rather than actually having debt
based money beyond this your situation
is we're gonna have unprecedented levels
of debt at the end of this smart that be
at the end of this and we have to figure
out what we're going to do with that
debt now that debt can be replaced with
for example a central bank digital
currency notes essentially is used to
bail out the financial system and that's
exactly what I'm forecasting I'm at the
end of this you know this money has to
come from somewhere and at the moment
you know if the demand from the bond
markets to lend money to the government
is in so much uncertainty that people
stop lending then they're gonna have to
do that at the central bank level
through quantitative easing and the
quantitative easing doesn't necessarily
need to be used to repurchase corporate
bonds that can be used as Donald Trump
is showing right now to give $1,000 to
each and every person or it could be
used for all sorts of different things
there's no doubt about it that fiat
money will still represent what it did
represent before but we still have
Bitcoin as well that competes in this
competitive environment where at the end
of this we're going to have these
different forms of money you can replace
all of this printed money with debt-free
money issued and created by a central
bank it's not the type of money that I
would want to use because it turns out
that fractional reserve banking debt
based money while it has a Ponzi scheme
it is one step removed from the
government so we're going to have these
different types of money and the at the
end of this there's going to be radical
banking reform because at
we have seen is there outsourcing the
ability to create money to the private
banking sector every time someone issues
every time a bank issues alone is just
it just leads to more and more debt and
so you end up with the destruction of
the financial system and these crazy
systemic events that only lead to
increasing the debt I don't you know
have to be questioned now so we're gonna
end up with your prediction we're gonna
end up with a lot of Fed coins through
this the United States but there it
won't be debt based anymore still gonna
you can have debt debt based money
crates into the bank which is a private
money a product in the digital currency
backed by the world's great will that
you're gonna have debt-free money issued
by a central bank which is essentially
money created the way the majority of
the most people think it's created and
then you're gonna have private
currencies private stable coins
Facebook's coins and then you're gonna
have the world's best shot that we've
ever had to achieving sound money which
is still Bitcoin you're gonna have these
different forms of money because the
cold hard reality is that the money
needed and so you get us out of this
health crisis as global health crisis is
the complete destruction of the
financial markets as we know them today
but by destruction it doesn't mean you
net that people lose their money it
means that the you know people in order
no one wants the system whereby everyone
loses their money at the bank the bank
deposits at the bank
you know though systems are going to be
replaced by different systems and we are
this these levels of indebtedness that
are going to be created from solving
this health crisis are going to be you
know significant changes it's not it
cannot be business as usual you know if
the United States comes up with its fed
coin cryptocurrency whatever you want to
call it it still can inflate it to
insane levels it can just keep if you're
saying things are gonna get as bad as
they're gonna get they'll just keep
printing it printing and printing and
printing it it won't be worth very much
um III don't see that as very good
scenario
right there I mean maybe that'll lead up
that that that'll lead people to Bitcoin
into private monies but III don't know
what do you think about the inflationary
aspect of this yes so inflation is in my
perspective the process of introducing
new money normally introduces that so
that base money is more inflationary
than on debt base by so if you introduce
people having to repay interest at the
same time as money creation then it's a
higher inflationary form of money than
if you just introduced money that
replaces that so let's say everybody has
an X amount of debt in the system that
is the global money supply backed by
debt if you then create a central bank
digital currency that replaces the money
that was created as debt with a central
bank issued digital currency then that
is not necessarily inflationary money
because you're just replacing one form
of money with the other the inflationary
part of this is what we are doing now in
terms of what actually created it and so
it all depends we have to question that
the whole assumptions behind inflation
as well because most people you know if
we have debt based money and debt free
money and you actually get to see which
is the inflationary form of money I mean
how did the different effects that we've
never been able to see before all right
now I want to know in your opinion how
long can we survive a shutdown here of
the world economy how long can this go
on for before people really lose their
patience I mean people need to be
productive at some point I mean if the
entire economy now is going to be the
government's printing money it seems
like and giving it out well being at
home and being on lockdown doesn't
necessarily mean you enter the
unproductive economy for some people
that's a reality if your job requires
you to be in a facility that you can no
longer and then go to then at some point
these people are going to have to find a
new way of doing what they're doing we
see
this right now is you know traditional
therapists they have been I'm sat down
with their patients and patients come in
but now there's a flurry of pay of
therapists that are sit down on zoom'
just like this with two people and doing
their therapy online from their home it
may not get the same level of connection
but you know the reality is is that in
times of of challenge and trouble you
know people are doing yoga lessons you
know one of my friends is she was a yoga
instructor she's now you know teaching
yoga lessons from home and everyone's
doing it we've got children all around
the world right now that their school
has been shut down and they're logging
in to that class and they're doing it
through these ways it's a reshift
obviously there are fundamental services
that require geographical locations of
proximity but you know and we the I have
faith in humankind that in these times
people are going to innovate their what
they do what they and and figure out how
to continue in this new circumstance in
this new environment that we are faced
with today we're talking about like 30
percent unemployment though if if we
take this thing long enough here and
that that's something I think will be
very bad I think it will lead people to
the streets i I don't I don't know how
long I mean how long do you think this
can last I I don't have those answers
really these are not thoughts and
scenarios that I have ever thought about
I don't think any one of us you know the
world that I was thinking about two
weeks ago was different to the world
that I'm thinking about today and in the
last two days either you know this is
this is such a significant time and you
know III believe that you know this
requires a complete collaboration
between enterprise individual and
government because where this isn't will
anchor and global completely local
alright we got a question up from the
audience here question for Simon this is
from one tooth
when do you think people will see the
impact of inflation from this money
printing in the US do you see this as
being a catalyst for increased Bitcoin
adoption yes I do so I believe that you
know we what we've seen is that the huge
money printing is you know the so we're
probably we're going to see deflation
we're definitely moving into a recession
after this there's no question about it
you know there is no way around that but
once you have deflation then it can
follow by inflation when you solve it
with Keynes uneconomic slightly all
right now so I do predict that we will
see these these these these different
forces but it's 100% dependent and above
what happens after we contain the crisis
and I don't see any solution that I can
visit then think about other than
chucking vast sums of money at this
scenario and what are the alternatives
you know and we that is the scenario
that we are faced with today I mean that
one alternative that is out there is
saying people can get back to work and
just old people stay quarantined that
that's that I mean that would lessen the
blow to the economy there's no doubt
about it if people actually got back to
work I mean I I would not want to go out
there in a scenario where I'm going back
to work because I think the problem at
the moment is here right now is you know
in China we saw in Hong Kong we seen you
know I used to live in Hong Kong and
there's a culture there varies but I
when I was slightly wearing a mask out
at the supermarket in order to ensure
that I don't harm the people around me
whether I've got it or not or anything
you know that's not the question but
it's a protective measure and in the
West people are looking at you like
you're a freak like it's a like it's a
bad thing you know the reality is is
that people are not making I don't
believe the right decisions on their own
and so what do we do about this Mary you
put
one back to work and this virus from
what I can see could be completely wrong
and from everything I'm seeing right now
it was hugely contained contagious and
isolation seems to be the solution do
you do you see a shift since you said in
Asia they they're there they're more
capable of a handling this verb for for
various reasons do you see in this
coming decade if things go according to
what you're saying that the the Asian
nations will take the lead over the West
that will have a redistribution of power
over to the east no I don't see that I
think this is completely global because
the record hard reality is is that we
are completely interoperable and one one
country's actions here effects and other
countries actions as we see this is not
a time for political points and and and
you know and trying to get one-upmanship
because one person's action in order to
try and get their economy to be on top
of another's and can lead to more more
I'm spreading of this virus so you know
this is this is a time when leaders all
around the world and if they try and
follow such a policy you know a country
if you believe that someone like a
leader like Trump is actually thinking
of political news rather than how to
actually you know make sure the people
of America are safe and then I believe
that those consequences have current
consequences all around the world and
the only way to stop those who's is to
shut down the airports and and not dams
and everything and it's a it's a it's a
really really a world that I never
thought that I would live in my lifetime
yeah
so we a lot of life is being cancelled
in in many different ways but no matter
what we still have this Bitcoin having
that is coming up on in May and again I
think people see that Simon and I have
two different takes on this but we're
not going to get into you know who's
right on how to handle the whole virus
situation I want to talk about
economic side of things and the having
is coming up but clearly the story of
the day is is the virus is this that
that the whole world is clearly focused
on on something else right now is this
going to have an effect on the having a
Bitcoin short term I have your thoughts
about Bitcoin in terms of its price
changed for the year 2020 now for the
year 2020 I'm not sure but for the
long-term value of Bitcoin nothing's
changed for me in fact its accelerated
and the the reality is is that as we
move to these really horrible forms of
money that might exist in the future I
think you called it totalitarian model
money and people are going to want and I
believe that the demand for money that
you owe money that you can spend and
sound money there's as a fixed money
supply can only increase over time when
you're faced with a health crisis and
you know fear and uncertainty globally
people are you know they're running for
cash it's since there they're looking to
purchase their goods and they're going
to move to whatever allows them to
purchase those goods in the fastest way
which is their domestic fiat currency
obviously is different for those in a
position of wealth but then at the same
time people are starting to think about
well that wealth that I hold at a bank
that wealth that I hold in the stock
markets that wealth that I'm lending to
the government through the bond market
that wealth that I'm storing in gold
that wealth that I'm you know putting in
Bitcoin and everyone's gonna be
questioning what they're going to do
with that wealth you know for those that
are in a position of wealth and those
are in a position of survival and
they're going to question whether that
that money in a bank you know we've
already seen it the banks in Venezuela
occurred and I went to root for cash
here and I was told how much so I'm
allowed to withdraw you know this is
going to come to the entire financial
system uh
this is very important so the banks are
now cutting people off okay Authority is
saying no you can't do this you can't
take your own money out of the bank but
I don't think people if everyone gets
more deep and deep into this situation
where they are blindly following what
the government says you know the
government's saying shut everything down
why would they question that their money
is being held now that the money they
thought was theirs is not theirs it's
for the good of the country it's for the
good of mankind that they don't get
their money I
and so if we go down this road this
totalitarian road as I said before I
don't think the people who need to find
out about Bitcoin are going to find out
about Bitcoin because it's just we're
getting a new status quo like hey things
are changing you can't get your own
money now but it's for the good of
people just like you can't work now it's
for it's for the good of the nation is
for the good of the world so I I
personally obviously when I start
hearing stories like this you can't get
your cash on the bank I'm happy as heck
than I I'm in Bitcoin okay but I don't
know I think people will just consider
it the new normal like an NPN government
will be able to get more power out of
this and government friendly
institutions will be able to get more
power out of this if your scenario does
happen going to get more power of it and
that's the reality of the situation and
you will have this this this counter
currency Bitcoin that does the opposite
of what that money does and so I think
the demand for that would increase but
at the moment you know people are flying
flying to what do they need in order to
survive and most people are if when
they've tried withdraw it as cash so
then they have it on them you know then
they're faced with a scenario where in
order to prevent any kind of bank run
the that you know policy has to come to
every country because the money that
you're trying to withdraw doesn't
REI I think this this where we're going
toward a more desperate situation I
think it's I think it's very unhealthy I
think it's and I don't think the people
I don't think voices will stand for it
anymore I think if we continue the
shutdown people will become more and
more desperate and when it's all over I
think they will remain desperate and at
the mercy of powerful entities and I
just don't I don't see that as a good
scenario i I don't I'm not putting an
opinion about whether it's good or bad
but what well so look look so you're
talking about put the our to the at home
and for the young bachelor yeah so the
people can just get back to normal
because if we keep going down this very
unnormal road at the end of the day it's
going to create a very unhealthy
mentally mental society and I don't
think we I don't think the world will be
able to recover in as fast in the future
I mean I I have complete hope and faith
in humanity that over the long long run
we will be free but I see us I see this
as dark days now when there's so many
voices saying hey let's be unfree for a
little while and then we'll be able to
be free again just just like that I
don't think there's a just like that and
so I think so you know in London right
now Boris Johnson's right let's let's
encourage people to be free let's allow
them but I'm trying to encourage them
but everyone goes to the park and
everyone goes to the tube and we're
gonna have mass you know really really
higher levels of infections and death as
a result well I mean there's the
productivity aspect that is not there
anymore when people can't go outside and
in the long run that will kill people
also so I so it's uh I just uh I'm very
much concerned about people getting into
the mentality of listen to the
government listen
to power ask no questions just to ask
those questions mentality because I
think we've always said that people will
get angry if they're if they're balanced
and people will get angry if they can't
get their cash out of the bank we're
going down the road where people are
going to be compliant with that and I
think that's and I don't see us going
down that road I I don't I don't see us
going down I don't think that this
lockdown situation for the whole world I
don't think it can last three more weeks
I really don't think I think we're gonna
have it social I think just people won't
take it and I think some countries will
step out and just say we can't do this
anymore there will be you said all the
countries have to agree I don't think
they're all going to agree forever and
at the same time they're or positive
positives that are out there we won't
get to you know the possible did the so
we do what would you recommend to the
people in Italy that are in right now
doing that or shut completely shut down
right now whoa they can continue to shut
down and I mean Italy can do what they
want to do with the United States of
America the the most powerful economy in
the history of mankind
I think they should shut down should end
as soon as possible and that people who
think they're gonna get sick should get
that malaria drug I mean there are
people working on solutions here and
there are possible ways of slowing down
the infection rate and there are people
interpreting the numbers a lot of
different ways I don't know it is if it
is as serious as many people think it is
and again I and old people cocoon
themselves if you're sick and you're
vulnerable and older you don't go out
but let let we can't shut down complete
all productivity just firth for the
people who are vulnerable you know shut
down that shut down everything through
the few and the the many will be be
punished in ways that we cannot even
predict here but I do want to say that I
I want to still go with your you know
scenario here again I don't I don't
think Simon's scenario is going to
happen here but he brings another view
that I
I haven't brought two everyone out here
a view that a lot of people share that
we got a the whole economy has to shut
down so I just want to talk I want to
talk about it you know if all of this
happens what is real people really find
Bitcoin in the in the end of the day
will there be hyper Bitcoin ization
sooner because of this I think so again
you've got to get the you know there's
there seems to be from my perspective
there needs to be a containment period
and in that period people then figure
out how to do their things you know I'd
still have faith obviously I have faith
in humankind to be come up with
innovation and all sorts things what I
don't know is what you know the the the
doctors and the health system and
everyone's going to find that completely
belief that they will find something
that and ends i scenario and then we
have to start looking at the how we are
going to fix the system that are gonna
is going to have so many fast
consequences as a result of the
trillions that have been printed and in
that stage that's when you have the
opportunity to redesign the financial
system the way that the this is choosing
it's a it's a Bretton Woods scenario
where in Bretton Woods the you know
post-world War people were you know just
figuring out how they wanted to design
the financial system one of them was a
gold standard the other was a fear of
fiat currency standards and that is how
the US dollar became the US dollar
because it was negotiated by John
Maynard Keynes the that would be the
system that would operate and then in 71
Nixon took it off the gold standard and
you know this is another scenario
it doesn't necessarily means the
doomsday scenario and it just means that
rather than having a doomsday scenario
the the that we have the opportunity to
design our financial system the way we
want it to be desired
all right now now on that point people
are flocking to the dollar right now I
mean no matter what there
tons of dollars are doing all sorts of
quantitative easing oh I don't know the
latest thing it seems like every day
there's a new headline printe make a one
trillion dollar coin it seems like the
whole world is sold on the dollar story
so again if everything goes to heck and
we're shut down for six months god
forbid I I still see the dollar coming
out the dollar coming out strong the
other end III really I really do
so I mean you talk about new a new
system I I don't know I still have to it
just seems that people are naturally
flocking toward the dollar digital
dollar but these trillions that have
been printed as that if the if if people
decide that they don't want to lend
money to the government and they don't
believe in the credit rating then that
leads to the collapse of the bond market
or the shutdown of the blown market
which then leads you to have another
kind of engineering or re-engineering if
that then leads to a run on the banks
and then rather than letting the banks
go boss they need to bail out the banks
and I believe I talked about it on your
show in the past that they'll let the
bank go bust and instead you'll have
your rather than you losing your money
rather than relying on deposits
insurance which clearly can't cover this
type of that this focus Mario and you
will just download your wallet and the
funds will be there but it will be a
debt for you central bank digital
currency and the dollar will it will be
another representation of the dollar and
essentially it will be FinTech companies
building on top of the API key on top of
the central bank and that form of money
will be such a horrific form of money it
will be actually a lot more transparent
because rather than having these
different money supplies I M zero and
one and two and three and four and no
one really knowing what the true money
supply is and you will just have one
form of money called M from the central
bank and anytime they print up and do
some inflation or deflation it will
actually be fully transparent and the
market can react rather than
guess it through the manipulation of
interest rates and fractional reserve
banking and leaving the private banking
sector to create the money and reefs to
emulate the market because that's not
working anymore
interest rates are zero that tool does
not exist
monetary policy is gone it's it's the
theory is over now I would ask get up to
a positive line of thinking here
if the nations of the world are very
busy right now
talking about the virus does this give
opportunity for people for ico people
for labor of people for all point people
to totally get real creative from their
houses where they're holed up in and
just go for it with their their private
currencies because there's not going to
be the governments are too busy to
regulate right now do do you see some
creative financial endeavors coming out
of this in terms of illness
cryptocurrency side of things morning
your private money printing basically
maybe you know there's going to be all
sorts of interesting things I guess if
people are thinking but you know just
because the regulators are not working
right now doesn't mean that they won't
work in the future so you have to be
very careful of these things things get
bad as economically as you think they
might get I mean how could a government
at that point say you know what Libra
we're not gonna let you do what you're
gonna do I mean I just I know I know but
but again if we go down this
authoritarian route then maybe they'll
say it's not good for the state it's not
it's that inner there'll be more excuses
I don't know I don't believe that the US
government wants to move towards a
communist totalitarian way of organizing
is it's its system you know and so you
are right in that the the regulation
that you have the red tape that you have
in an environment that's already booming
and stock markets are reaching all new
time highs is different
to the types of regulations you need at
a time when you're trying to simulate
encourage entrepreneurs create you know
stimulate new business opportunities and
that tends to be a loosening of
regulations rather than the tightening
of regulation that then leads to the
next wave of financial frauds or but
then you get some massive growth out of
it from from certain industries that
come from from that that wave of
innovation and then when people lose
money and invest they all go and cry and
beg to the government saying I need my
you know I need you to protect me I I
got scammed by this and then the
regulatory cycle increases because
they're there they're back to doing what
the consumers ask them to do which is
protect them from the complaints that
they're making because they made my
investment all right now I want to I
want to get us some positivity out of
all this from from your side have you
been able to carry on your business as
usual have you been able to go mobile
here and not know so banks of the future
was already a mobile business so we
already you know we have soft
geographically located around the world
so there's no dependency upon one
certain geography we've had disaster
recovery and contingency planning as
part of our requirements of being a
registered business and you know and for
us it is definitely business as usual
but sorry friend also in these times of
uncertainty and people are you know
they're it takes on time for people to
be comfortable realizing where they want
to speculate where they want to invest
you know they want to write things out a
little bit and try and understand and
figure out where where things are going
but I do believe that definitely you
know it the you know we believe that the
future of Finance that's very different
from the past that investment theses
is still true but you know we we have to
ride out some uncertainty when people
are deciding where to allocate the funds
where they're going to invest and what
they're going to do next they're
connecting little odd for a second there
but I think we got the main point there
I want to ask and maybe is interest down
right now are you not getting a lot as
many contacts as you previously were
because you would have you would have to
think that people just want something
just simple like right now if they're in
panic mode they're just going into the
dollar they don't care about
cryptocurrency as much anymore
so it is business down or contacts down
is slightly different for us because our
banks of the future you know we we have
a community of high net worth investors
that have made significant wealth in the
crypto market and so you know therefore
they're kind of in a different scenario
obviously people investors are fearful
and they're deciding what they want to
do but eventually if someone's built
wealth then they start to think of how
they're going to allocate those funds
and what they're going to do and move
next but certainly you know we've taken
the decision that we only have a couple
of clients right now and we have a big
pipeline of clients that they're going
to be going on the platform but you know
we've decided that when we're not quite
sure whether people want messaging about
investment opportunities right now so
we're just trying to figure out when is
an appropriate time to start onboarding
some of those new customers and so that
we can create more investment
opportunities so the big boys they they
have a system they are not they're not
fearful I mean are they're not they're
not making irrational decisions they're
sticking to their game plans here what
would us what I'm saying is in this time
of irrationality and panic I think there
are a lot of smaller investors a lot of
individuals that are just gonna lose it
and are gonna go down the wrong path
during this time and I don't know what
that's going to end up looking like in
the future I mean a bigger a bigger
wealth gap perhaps I I don't know
so it definitely interesting times we're
going through do you have any advice to
the regular guy in the street out there
right now who might be able to worry
about his finances especially yeah I
mean so you know the reality is is that
we we live in a speculative economy you
know you you have two choices you I
forgive your speculation to someone else
or you speculate how you choose and you
know the the regular personal industry
is in different scenarios like I can't
there's no blanket advice for one person
it depends on your age it depends on
where you live and it depends on your
you know how much reserves you have how
much you don't have what your immediate
needs all this is what your future needs
are I'm but this is a great you know
this is a great time for you to start
thinking about those things and maybe
when you were caught up in the
day-to-day of whatever that that you
were doing in your day-to-day and now
you have an opportunity to do things
slightly differently and then I would
suggest everyone one save you know
should be thinking about what their
financial plan looks like for the future
and you know personally I believe that
Bitcoin has a very important role to
play in the future and this just
heightens the need for it in the future
but at the moment remember the vast
majority of people still think that
bitcoin was just a quick way of making
money a Ponzi scheme a scam or a
currency just for drug dealers that
obviously because they were just in it
for a quick buck meant that in times of
uncertainty they flee to something else
which creates the initial reaction but
then over time the number of use cases
are to come and as this unfolds after we
get over the health crisis as we move to
the financial crisis it's going to show
more and more reasons why people would
want to wait everybody would want to
spend their own money and would want a
monetary policy that's based upon a
fixed supply rather than an average
supply or in or a different supply and
so I believe that the utility
for Bitcoin and any increase from that
over time and people are gonna have to
pay a higher and higher price in order
to situations it's events like this that
people start to eventually once they get
over the initial you know they sought to
they start to question these things and
think how can I make sure that doesn't
happen again
in a sense but if they listen if they
complied with the government all along
they'll be more likely to believe the
government's lies about Bitcoin when
this is all over - does the government's
not going to stop lying about Bitcoin
and powerful entities there I mean that
narrative might be stronger than ever so
I hope I just I think the the likelihood
of people being able to to think out
that scenario that you just played out
will be lower if people just think at
the end of the day the government solved
everything we followed the government
blindly they're gonna be more likely to
do that in the future but we'll see it
we'll see how this all plays out there
is one good question here that I think
we should that's a very positive
question that we should end on and I am
curious about this - I'd love to hear
Simon's take on the stock the flow model
of Bitcoin and if he sees that playing
out as the model predicts I don't think
anything changes for Bitcoin certainly
in the short term I think most people
are expecting a bull really throughout
2020 and this is a exponential shock to
every financial market gold Bitcoin
stock market everything but the great
thing about Bitcoin is the story doesn't
actually change you know what if you
look at every single financial market
the story of the bond market is about to
change the story of the stock market is
about to change the story of fiat
currency changes every day at the moment
but the story of Bitcoin doesn't change
because the long-term fundamentals of
Bitcoin still remain and so that
whatever that for me is the one thing
that whatever we thought about big
before still remains true in this
current environment it's just a question
of if you thought it if we were thinking
or assuming that it might not have a
correlation to the stock market well
we're about to find out those things
what I do think is is counter to is the
financial crisis as opposed to a stock
market crisis that Christ yes this is
smooth at specifically with this
question to stop do you know this
stopped the flow model that he's talking
about that's so popular on Twitter and
everything the I mean maybe yeah have
you heard of that one before because
just just did this one model everybody
so many people worship so I think he put
in your specific take on this specific
model that is that sounds yeah he was
following the model and I forgot what
the guys name he doesn't even have a
real easiest a Twitter handle law what's
the people of the chat okay okay there's
so that that's uh that's uh that's
neither here nor there I don't know what
he's I forgot what his name is 1
trillion oh I forgot what the guy calls
himself okay yeah I had a plan he calls
himself plan B fuller though okay good
good good so that that's alright alright
I was curious though if you if you knew
about the plan B just a lot of people
out there really think it's the gospel
truth and everything so I I'm a good guy
one you're taking that that that's very
cool then all right any anything out you
want to conclude on that anything else
to say yeah I I definitely didn't mean
to if you felt that this came across as
negative because that's definitely not
how I feel
obviously there's a lot of fear out
there in in this environment right now
and I think people have two choices like
what to do with fear one is that you can
use fear in order to give yourself the
right level of protection which is the
the natural human instinct of what fear
was designed for you know it was it was
originally designed to give you to take
the action that you need to actually
take and but many people will be
paralyzed by fear as well and that is
not
place where you need to try and get
yourself out of because the reality is
is that there is lots of opportunities
that can come out on the other side of
this and there are lots of things that
can look and you know humankind can
innovate as a result there's lots of
assumptions that we can question that
can come out at the other side of this
and I think that that is it is a very
very interesting scenario where if you
can get over the fear and you can use it
to give yourself the correct level of
protection based upon your perspective
of what's happening and not use it to
paralyze you and then you this is the
time to really be sure that you think
and unique things that you can bring to
the world and a part of whatever your
passion is and your speciality may be so
what am I saying is is Golden Age of the
2020s I think the dot the decade of the
2020s is going to be a golden age so do
you do you feel that way that we're just
having a little bit of a delay until the
Golden Age starts we're that the decade
happens to start off with a bit of a
Dark Age absolutely yeah I mean I think
that there there are great things that
can come at the end of this but I do
believe this this current situation it
is something that we all have to
experience in a new way that we've never
experienced this before but at one
question it was it you're in the past
you indeed have made predictions that
are I don't to put words in your mouth
here I forgot what you said the
beginning of show but there would be a
big depression eventually you know there
there would be some huge economic
turmoil hello how did you phrase that
beforehand you know your past
predictions about a video was called the
Great Depression of twenty one days okay
you straight up Senate do you think
there's a part of you that since you
predicted it that you now are prone to
think that we're going we're going to go
down a road that will definitely lead
there that some of your some of the
things that you prefer in this scenario
you prefer because you always knew there
was going to be a Great Depression and
now finally we're at that point where it
can happen I completely believe in the
you know the power of a human mind and
that you can manifest what you think and
that's you know the you know for example
if the you know I'm not a doctor Burt
take it at a practical level if someone
believes that they have coronavirus that
can create a distaste in their body that
can create you know versus if you didn't
actually think or believe you had it
that can use your body to channel and
you know things in your body that can do
things in a different way so I totally
believe that the way that you channel
your mind the meaning that you give
things is totally a choice you know we
can look at things in two different ways
and you know with every while I might
you know find it interesting that I
there was a few videos that I gave about
a long time ago and things actually
unfolded the way that I thought that
they might actually unfold and I'm
always conscious of ensuring that I keep
my mind open to new possibilities and
new opportunities and every time that I
thought that something will definitely
definitely happen and crippling Marcus
have been amazing in the last decade
that proving people wrong including
myself when you apply too much logic to
certain things and the crypto market can
just do the complete opposite and now I
think that we're seeing that in markets
globally and you know certainly I don't
think you have to go into a great
depression the point of the video was
that there is the potential to go into a
great depression and but I also believe
that there are solutions out there and
we don't need to you know the
technological innovation has brought us
into a unique time in human history
whereby level of innovation the level
of solutions and things that we can come
up with you know can really take a
different path to what might happen if
you if you let it ride out alright I I
want you to send me a link to that video
by the way they're great to pursue it it
will be linked to below so you'll get to
see this this video Simon's is talking
about well long term we know things are
going to humanity will survive to your
people so take that as a positive take
away and bitcoin is here to stay it is
not the having is happening
it can't get cancelled so Simon thank
you very much for being on the show
today
everybody remember you get a new show
here every day you never know who's
gonna all the sudden appear it's awesome
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retweet this out spread the word on
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time all right dudes
town that like button we will see you
tomorrow of course was there's a new
show every day thank you very much Simon
for being on thank you alright
