"We forgot about free markets a long time ago. We've been in [a] quantitative easing market ever since the 2008 financial crisis," says Simon Dixon, CEO and co-founder of BnkToTheFuture.com. "What's really been exposed is the fragility of the financial system... when you try to reverse any centrally planned, low-interest-rate, central-bank-subsidized stock market," he tells Daniela Cambone. "Banks have been broken based on a product that has become more volatile than bitcoin, which is straight up treasuries," Dixon argues. "There seems to be a theme and U.S. regulators seem to treat these blowups as a fine rather than prevent it in the first place. It's a regulatory failure," he continues. "Money at a bank is money I'm lucky to get back. That's how I've always looked at it and obviously that's not how most people look at it," Dixon says. "Bitcoin is a great mechanism for saving, but it's not very useful for spending. However, throughout this whole system shakedown, bitcoin has just worked," he concludes. Video by Stansberry Research's Daniela Cambone.
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