Crypto influencer: 'Both the U.S. and Europe need Bitcoin, but Bitcoin doesn’t need them'

Simon Dixon, a cryptocurrency investor and influencer, said that both the United States and Europe need Bitcoin, but Bitcoin itself does not need them. He suggested that everyone can benefit from it amidst political shifts. Dixon made his statement in a February 2 post on X.

"Both the U.S. and Europe need Bitcoin," said Dixon, crypto investor and influencer. "But Bitcoin doesn't need them. You need $BTC to shield yourself from tariffs and trivial regulations long term—so you never have to rely on them again."

According to CryptoSlate, the Trump administration’s crypto working group is assessing the creation of a U.S. Bitcoin reserve and developing a regulatory framework for stablecoins and digital assets. The group, led by David Sacks, is collaborating with the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to clarify oversight responsibilities. The Clarity for Payment Stablecoins Act of 2024 proposes regulations for stablecoin issuance and reserve requirements. The SEC has also launched a crypto task force, led by Commissioner Hester Peirce, to address regulatory issues related to digital assets.

Bitcoin.com News reports that French Member of Parliament Sarah Knafo said that European nations should establish Bitcoin reserves, citing El Salvador’s success and the growing global interest in Bitcoin as a strategic asset. She expressed concerns about the European Union's push for a digital euro, highlighting potential risks of financial control and inflationary pressures. Knafo emphasized that Bitcoin adoption could serve as a safeguard for economic freedom.

Bitcoin functions as a decentralized digital currency, operating independently of central banks or governmental control. Trust Machines reported that Bitcoin's decentralized network makes it highly resistant to attacks since no single entity controls the blockchain. It uses cryptographic methods such as asymmetric encryption to protect transactions and ensure user privacy. Transactions are immutable; once recorded, they cannot be altered, ensuring the integrity and transparency of the blockchain. Additionally, Layer 2 protocols like the Lightning Network improve scalability without compromising security.

Dixon has invested in over 100 crypto companies, including Kraken and Coinbase. He creates crypto content on X and YouTube and is the CEO and co-founder of BnkToTheFuture, a regulated crypto securities business according to LinkedIn.