Is Tether Next To Fail and When Does Bitcoin Price Blast Off? Simon Dixon Gets Candid

"We've had our fair share of crypto drama and villains [in 2022], and we now have five companies in chapter 11," exclaims Simon Dixon, CEO & Co-Founder BnkToTheFuture.com. "This is really the year of blame-shifting from narcissistic characters that seem to be protecting their backs [like Alex Mashinsky and SBF]," he tells Daniela Cambone in this edition of Powershift: Outlook 2023. "FTX essentially recreated many of the issues that we've experienced with political control in order to manipulate regulations," Dixon continues. "There's a danger of people thinking that the blockchain can't be manipulated, but there's always humans and greed," he illustrates. "You've got to be really careful about slapping the word decentralization in order to create a full sense of security," Dixon says. "The companies growing too fast, those are the red flags... slow and steady wins the race, the faster they grow the faster they fall," he warns. "Bitcoin is something that we need in the current environment," Dixon concludes.

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00:00 What has gone wrong for FTX/crypto this year?
4:40 Simon’s thoughts on Binance and SBF
10:38 Simon’s thoughts on CZ
11:32 SBF loaned the CEO of the Block $43M
13:51 Will the FTX corruption get fully revealed via the blockchain?
18:00 Who’s to blame in the FTX crisis?
20:42 What was the No.1 red flag in the FTX crisis?
22:50 Tether loans and the associated security risks
27:02 The future regulations of crypto
32:34 When will bitcoin hit an all-time high?