Bitcoin At Risk? Simon Dixon Alleges BlackRock’s Hidden Takeover Plan

In an interview with Bitcoin Archive’s Archie, early Bitcoiner and Bank to the Future co-founder Simon Dixon characterised the present second as nothing lower than “the Wall Street assault section,” arguing that institutional finance is assembling the plumbing and incentives to tug buyer cash into custodial wrappers—and, in disaster, separate buyers from their bitcoin. “People underestimate what Wall Street is prepared to do to take your Bitcoin,” he mentioned. The important protection, in his view, is unambiguous: “Bitcoin is cash you’ll be able to personal, cash you’ll be able to spend, and cash that has a set provide with a financial coverage that no person can change.”

How BlackRock Is Allegedly Trying To Control Bitcoin

Dixon framed the final 14 years of Bitcoin’s historical past as a sequence of counter-attacks, from change failures to regulatory squeezes, culminating now in what he described as a two-tier system: bitcoin held in Wall Street custody—through ETFs, pensions, company treasuries and bitcoin-backed loans—and bitcoin held in self-custody. The hazard, he argued, will not be value manipulation eternally, however engineered liquidity occasions designed to hoover up cash from leveraged or custodial holders. “They can’t change the long-term value. The mounted provide is the mounted provide,” he mentioned. “But they will do elaborate schemes to steal your Bitcoin.”

At the core of his thesis is the size and attain of the trendy asset-management complicated. Dixon pointed to BlackRock’s centrality—its index weight throughout “20,000 corporations,” its Aladdin threat platform utilized by giant asset managers, and its proximity to policymaking—as symptomatic of a broader “financial-industrial complicated.”

In Dixon’s telling, that complicated has already rebuilt the crypto trade in its personal picture: first by presiding over (or benefiting from) a parade of high-profile implosions and banking disruptions like FTX and Celsius, then by shepherding a pro-ETF, pro-tokenization framework that channels retirement financial savings, insurance coverage float and company steadiness sheets into custodial bitcoin publicity. “Through this tax effectivity plus people occupied with inheritance, we’ve got primarily given the asset managers full management,” he claimed. The web impact, he warned, is the consolidation of cash into a couple of systemically essential swimming pools.

Archie challenged the causal chain between the 2022–2023 enforcement wave and spot ETF approvals, noting that Grayscale had to sue to win its conversion. Dixon acknowledged that “it’s a must to take a couple of leaps” when reconstructing opaque coverage sequences, however insisted the web result’s plain: the trade was discredited and de-banked, just for a tightly regulated, Wall-Street-led model to emerge. He cited his inside view as a significant creditor within the Celsius Chapter 11 as formative, saying that chapter taught him how rapidly “Bitcoin IOUs” turn out to be indistinguishable from the legacy system’s dangers. “Anybody that’s left Bitcoin on an change and acquired a Bitcoin IOU… realizes the significance of the power to self-custody,” he mentioned.

The dialog repeatedly returned to leverage. Archie drew a distinction between the margin chains and rehypothecation that blew up in 2021–2022 and the long-duration, corporate-finance instruments utilized by publicly listed “bitcoin working corporations,” arguing these are “evening and day” by way of systemic fragility. Dixon’s reply was that the true threat emerges when individually wise constructions are linked right into a pipeline—ETFs and index funds directing flows, company debt and dividend commitments denominated in fiat, stablecoin credit score interlacing with bitcoin-backed loans, distressed buyouts rolling belongings into the most important public automobiles, and mining equities sitting inside the identical index-fund complicated.

“When you mix all of those completely different merchandise collectively… you’ll be able to then do that margin course of,” he mentioned. He sketched a situation by which a extreme drawdown triggers margin cascades and chapter proceedings that ship much more cash into a couple of custodial honeypots. “All it is advisable to do to guard your self when that occasion occurs is personal bitcoin in self-custody,” he mentioned.

Beyond market construction, Dixon positioned Bitcoin in a wider macro and geopolitical body. He argued the United States is pursuing “fiscal dominance”—debt-financed spending that inflates away obligations—whereas a multipolar forex order accelerates. In that transition, he expects each gold and bitcoin to be instrumentalized. “Bitcoin goes to be positioned on the very, very middle of a future and upcoming forex battle,” he mentioned, asserting that the identical financial-industrial community that shapes charges and credit score won’t hesitate to “engineer some form of pump and dump cycle that resets the chessboard.” Whether or not readers settle for that framing, his prescription doesn’t waver: self-custody first.

Dixon additionally laid out a private rule set solid throughout cycles: purchase on a set cadence, maintain cash in self-custody, and assume in multi-year horizons. “Most individuals are available for number-go-ups,” he mentioned, “however till they undergo a catastrophe, then they understand that the cash you’ll be able to personal and cash you’ll be able to spend is the true utility.” He urged viewers to construct the operational competence of self-custody now—keys, inheritance planning, and disciplined accumulation—somewhat than outsourcing it to product wrappers that commerce comfort for counterparty threat. “Everybody has to do it,” he mentioned. “The talent of self-custody is one thing everybody has to do.”

Archie added two caveats for steadiness: allocate solely capital you’ll be able to go away untouched for not less than 4 years, and keep in mind to improve high quality of life somewhat than “bask within the heat of your UTXOs” indefinitely. Dixon agreed, stressing that the purpose of decreasing monetary nervousness is to stay higher, to not hoard in any respect prices. Still, he closed with urgency: “There won’t ever be one other 5 years just like the 5 years forward… In the subsequent 5 years, it is advisable to accumulate as a lot bitcoin as is humanly attainable,” he mentioned, including his commonplace disclaimer—“not monetary recommendation.”

At press time, BTC traded at $123,896.