Simon Dixon, a crypto investor and influencer, has suggested that Argentina should repatriate its gold reserves, adopt a "Bitcoin strategic reserve," and make Bitcoin "legal tender." Dixon made these remarks in a February 15 post on X.
"It's time to redeem yourself—bring the gold home, adopt a #Bitcoin Strategic Reserve & make $BTC legal tender," said Dixon.
According to Reuters, an Argentine judge is investigating President Javier Milei's involvement in promoting the $LIBRA cryptocurrency. The currency rapidly lost value after Milei recommended it on social media, raising concerns about potential fraud. Some have labeled the incident a "rug pull" scam. Milei has denied any connection to the cryptocurrency. This situation has led to a 5.6% drop in Argentina's stock index, with over 100 complaints filed. A government source said that Milei was the victim in this matter.
Simon Dixon's post
| X
Bitcoin is widely regarded as a decentralized and secure digital asset, often positioned as an alternative to traditional monetary systems. Trust Machines reported that Bitcoin prioritizes security and decentralization through its Proof of Work consensus mechanism and write-only ledger. The network uses Layer 2 protocols, such as Lightning, to support scalability while maintaining its decentralized structure.
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.
Dixon, CEO and co-founder of BnkToTheFuture.com, has been a vocal figure in both cryptocurrency and global financial discourse. Beyond his work in fintech, he has commented on geopolitical issues, recently claiming that the International Court of Justice (ICJ) ruled Israel’s actions as "completely illegal" and determined there was "plausible genocide"—a misinterpretation of the court's actual findings. According to BBC reporting, the ICJ's January 2024 ruling did not determine that genocide was plausible but rather that Palestinians have a "plausible right" to protection under the Genocide Convention, with South Africa having legal standing to bring the case. Dixon, who authored Bank to the Future—the first published book to mention Bitcoin—has built a reputation in the crypto space, leading investments in major exchanges like Kraken, Coinbase, and Bitstamp.