Bitcoiner Simon Dixon on bankruptcies and Elon Musk: Corridor of Flame – Cointelegraph Journal

Identify: Simon Dixon
Nameless: No
Twitter Followers: 109.1K
Identified for: Co-founder of Financial institution To The Future and the dude who wrote the first-ever printed e book on Bitcoin.

Who is that this man anyway?

Simon Dixon is a real Bitcoin O.G. He’s the writer of the first-ever printed e book on Bitcoin on the earth Financial institution to the Future, which was launched in February 2012, and has splashed over $1 billion in money investing in “over 100” completely different crypto corporations, together with Kraken, Ripple Labs and — err — Celsius.

Dixon stumbled upon Bitcoin when he was “deep in debt” after his formidable try to start out a conventional financial institution didn’t go to plan. “I failed at that process,” he admits.

As a substitute of falling by the wayside, Dixon finally based BnkToTheFuture, a web-based funding platform that crowdsources personal fairness funding, giving smaller-scale buyers who can fulfill regulatory necessities in their very own nations entry to early-stage however dangerous tech VC-style alternatives, with Celsius, Kraken, Bitfinex and Securitize amongst them.

In latest occasions, he has “by accident change into the Chapter 11 man” as he appears to have psychic powers in predicting what crypto agency goes to enter Chapter 11 subsequent.

“I used to be telling everybody that Celsius was going to go bankrupt earlier than it went [bankrupt]. I used to be the one calling out Digital Foreign money Group as an organization that’s in all probability going to go bankrupt. I [predicted] that BlockFi [would] go into Chapter 11.”

What led to Twitter fame?

Dixon constructed his 109,000 following organically and says he has “by no means actually invested vital time into offering content material for folks.” However he’s been “advocating for Bitcoin since 2011,” and his followers grew through the years by means of sharing content material on “constructing and defending your wealth utilizing Bitcoin,” and he says Bitcoin personally “reworked” all his funds in life.

In latest occasions, he has seen an inflow of followers as a consequence of his advocacy for victims who’ve misplaced their financial savings in latest crypto change bankruptcies, particularly these from Celsius.

“This one was such a degree of fraud that I couldn’t hold quiet.”

What to anticipate in his Twitter content material

Whereas Dixon continues to supply helpful Bitcoin content material for the crypto neighborhood, not too long ago, he’s been advocating for “increasingly more folks in these Chapter 11 Bankruptcies.”

“I began sharing content material on how one can optimize these chapter proceedings to take advantage of for collectors, and that appeared to result in lots of people wanting to affix me on Twitter Areas.”

Take a look at the pictures fired at FTX by means of easy arts and craft work on a newspaper article.

He’s usually seen motivating those that are shedding hope of ever getting their funds again from Celsius.

Dixon even managed to get Elon Musk on the notorious Twitter House when he was “overlaying the FTX crash reside” as buyers have been suspending withdrawals.

It was chaos, as Musk had “simply accomplished the acquisition” of Twitter, too.

Dixon took benefit of the chance to ask Musk if “there was anyplace for Bitcoin on Twitter.”

“He was solely meant to be there for half-hour. He truly stayed on the area for about an hour.”

Oh yeah, and occasionally, he posts about his informal hangs with world leaders.

Right here is Dixon pictured hanging out with Salvadoran President Nayib Bukele.

Twitter Likes

Dixon likes to comply with folks on Twitter who even have a ardour for crypto by means of the great and dangerous occasions, not these simply attempting to make a buck from shilling shitcoins.

“I’m concerned with folks that have remained constant to Bitcoin when it’s not cool to be constant to Bitcoin.”

Dixon mentioned that he’s a giant fan of the “old skool” Andreas Antonopoulos, as he doesn’t get as “a lot credit score as he deserves right now.”

He mentioned that Antonopoulos did a variety of the onerous work explaining Bitcoin in its early days, “when it was very onerous to elucidate to folks.”

Twitter Beefs

Prime High quality Beef: Alex Mashinsky

Regardless of Dixon’s excessive profile, he hasn’t had a variety of public feuds.

This isn’t stunning contemplating he is a reasonably good and well-mannered dude.

His one and solely public beef is with the previous CEO of the now-defunct crypto lending change Celsius, Alex Mashinsky.

After the collapse of Celsius, Mashinsky was advised by his legal professionals that “he’s not allowed to speak,” in line with Dixon.

Dixon’s commentary on the Celsius chapter obtained on Mashinky’s nerves a lot that he determined to disregard his lawyer’s recommendation and “broke his silence” with the intention to blame Dixon for “all of this fraud.”

Dixon mentioned that Mashinsky “created a conspiracy concept” that Dixon has all the creditor’s cash and that he’s being paid by Sam Bankman-Fried (SBF) to attempt to “take down Celsius.”

Dixon inspired his Twitter followers to casually go and sue Mashinsky, saying it will be a “worthwhile” asset to Celsius.

Future outlook

Dixon isn’t a fan of the Chapter 11 course of, which he believes is “scammy” and only one “ginormous cash seize” to steal shopper cash.

Whereas Dixon is a large believer in Bitcoin, he doesn’t have any set worth predictions. He thinks in “phrases of four-year cycles” across the halvings, and proper now, he mentioned we’re “two years into the fourth cycle,” which is about surviving quantitative tightening.

He mentioned that this will probably be a troublesome one as a result of we’ve by no means confirmed that Bitcoin can survive when {dollars} aren’t being printed endlessly.

The final stage will probably be about surviving central financial institution digital currencies, which if profitable, he believes Bitcoin can have “cemented itself as the shop of worth on the earth.”

“That is going to alter the world.”

Learn additionally


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Gen Z and the NFT: Redefining Possession for Digital Natives

Ciaran Lyons

Ciaran Lyons is an Australian crypto journalist. He is additionally a standup comic and has been a radio and TV presenter on Triple J, SBS and The Challenge.

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