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Real Vision: Finance & Investing

The Interview- w/ Simon Dixon & Raoul Pal- Banking the Future

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 23 August 2020

⏱️ 72 minutes

🧾️ Download transcript

Summary

Simon Dixon, CEO of bnktothefuture.com, joins Real Vision CEO, Raoul Pal, to break down the intersection of the crypto world and the world of traditional finance. Starting his career in investment banking and joining the monetary reform movement along the way, Dixon understood early on the shortcomings of the fiat money system. He and Pal talk about applying traditional financial ideas to the crypto world and argue that doing so will create a stronger financial system for the future. Pal and Dixon discuss the early days of bitcoin, the intersection between central banks and crypto technologies, and their ideas about the relationship between bitcoin, dollars, and gold. Finally, they talk about how the principles of behavioral economics could impact the interplay between fiat currencies, cryptocurrencies, and the composition of future of financial markets.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Simon good to get you on Real Vision. If you can give a bit of background about

0:16.0

yourself so people know who you are and and then we can start digging into

0:20.0

some things. Sure, yeah, so my journey in finance and crypto has been a 20 year journey when I started in economics, started working in

0:32.0

investment banking, worked as a stockbroker, then a market

0:35.4

maker, then in corporate finance.

0:38.1

And then through the corporate towel in 2006 and started giving lectures on monetary reform. I joined a movement called the monetary reform movement, which was a precursor to the Bitcoin.

0:50.0

I started giving some lectures and got myself invited to the first

0:54.3

Bitcoin conference, wrote a book called Bank to the Future, Protect Your

0:58.5

Future before governments go bust, which was the first published book in the

1:02.2

world to include Bitcoin and now an investor

1:06.2

in about a hundred different companies in the industry from coin-based to Krakhan,

1:10.9

bit Stamp, Bit-Fin, and many others, and founded a platform called Bank to the Future.com

1:16.7

which allows investors to invest in the equity of companies in the Bitcoin and crypto and FinTech industry.

1:24.4

So talk to me about discovering your journey of discovering Bitcoin and then starting to think about the space

1:31.0

and then we'll move into the investments that you made and some of that stuff.

1:34.7

But I'd love to know how the hell you got into it?

1:37.3

Yeah, sure. So it was, when I was writing the book bank to the Future, I was really going geeky and diving deep into many of the problems in banking.

1:48.0

I even started reading like Bancrot Act papers for the Bank of England and various other things.

1:55.4

What were the main problems you were seeing when you were looking at that?

1:59.3

So I summarized it into three main problems of banking that we were trying to find a solution for.

2:04.0

The first is that when you deposit your money with a bank, the bank becomes a legal owner of your

2:08.8

money, which really subjects it to bailings and other things.

...

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