Quantcast

Crypto influencer: Bitcoin provides a ledger to 'prove your hard asset reserves'

Telegram : Pavel Durov is officially expressing himself for the first time since his custody
BlackRock’s tokenisation push kicked off an $8.9bn frenzy that experts say is accelerating
Ripple USD Stablecoin Could Be Issued in 'Weeks, Not Months': Garlinghouse
Mastercard enables non-custodial crypto spending in new partnership
Wife of ex-federal agent imprisoned in Nigeria: 'he is now reaching the point of no return'
Nvidia Loses $270 Billion In One Day: A Record Drop Shakes The Global Tech Market.
Telegram would own several hundred million dollars in cryptocurrencies
Bitcoin Posts Negligible Bounce, but Extreme Fear Suggests Larger Rebound in Store
WazirX Hacker Starts to Move Stolen Ether Using Tornado Cash
Elon Musk’s xAI Colossus goes online — and it really is colossal
Bitfarms mines 233 BTC in August as Riot pens open letter in takeover saga
Surfin' Bitcoin 2024 : Everything you missed at the biggest Bitcoin conference in France
Russia Is About to Try Using Crypto to Get Around Sanctions
Bitcoin as legal tender? Mixed results for Nayib Bukele, the president of El Salvador
France’s Telegram blunder means Europe will hunt for Satoshi next
Bitcoin Slips Back to $58K in Continued Desultory Action, but Next Week Could Offer Upside Excitement
Sony lance officiellement le testnet public de Soneium, son propre layer 2 basé sur Ethereum
France Charges Telegram's Pavel Durov, Sets Bail at €5 Million – Bitcoin News
Bitcoin Mining Is So Rough a Miner Adopted Michael Saylor's Successful BTC Strategy
From Richard Teng, Binance CEO: Tigran’s Deteriorating Condition After 6 Months of Unjust Detention
UK’s crypto dreams stall as registrations with financial regulator remain low
Concerns grow over Binance executive’s health during detention in Nigeria
Vitalik attacks DeFi and millions come out of’Ethereum
Telegram CEO's arrest tied to cybercrime investigation of unauthorized 'cryptology' services, say French authorities
‘My Living Nightmare’: Detained Binance Exec’s Wife Begs for His Immediate Release
Bitcoin, Binance, Ethereum, Solana, and Ripple: The Biggest Crypto News of the Past Week
Crypto: Ethereum ETFs are experiencing a record series of outflows!
Salvador: 80,000 civil servants trained in Bitcoin – A visionary initiative or a risky bet ?
The Fed is ready to cut interest rates — what that means for crypto
Binance Launches Mobile Money Feature for Crypto Transactions in Africa – Exchanges Bitcoin News
Crypto influencer: Bitcoin provides a ledger to 'prove your hard asset reserves'
Web3/Crypto
Webp dixon1
Simon Dixon, crypto investor and influencer | X

Simon Dixon, a cryptocurrency investor and influencer, said that Bitcoin offers a transparent ledger for proving hard asset reserves. His comments were made in response to a 2% drawdown in the Bank of England's gold reserves. Dixon shared his views in a February 12 post on X.

"Imagine if there was a ledger where you could prove your hard asset reserves," said Dixon, crypto investor and influencer. "Bitcoin fixes this."

According to CNN, the Bank of England, which is the world’s second-largest gold custodian, has experienced an increase in demand for gold withdrawals. This surge has resulted in wait times extending over several weeks. The demand is attributed to traders taking advantage of a price premium for gold in the United States amid concerns about potential tariffs imposed by President Donald Trump, which could raise the cost of gold imports. Consequently, gold prices have risen sharply, with inventories on the U.S. COMEX exchange nearly doubling since October. The Bank of England’s gold stock has decreased by approximately 2% since the end of last year.


Simon Dixon's post | X

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Bitcoin operates as a decentralized digital currency independent of central banks or governmental control. Trust Machines reported that Bitcoin's decentralized network makes it highly resistant to attacks because no single entity controls the blockchain. It employs cryptographic methods such as asymmetric encryption to secure transactions and ensure user privacy. Transactions are immutable once recorded, maintaining the integrity and transparency of the blockchain. Additionally, Layer 2 protocols like the Lightning Network enhance scalability without compromising security.

According to Bitcoin.comNews, French Member of Parliament Sarah Knafo suggested that European nations should establish Bitcoin reserves. She cited El Salvador’s success and growing global interest in Bitcoin as a strategic asset as reasons for her recommendation. Knafo also expressed concerns about the European Union’s push for a digital euro, pointing out potential risks related to financial control and inflationary pressures. She emphasized that adopting Bitcoin could act as a safeguard for economic freedom.

Dixon has invested in over 100 crypto companies, including Kraken and Coinbase. He produces crypto content on platforms such as X and YouTube and serves as CEO and co-founder of BnkToTheFuture, a regulated crypto securities business.

More News

Bybit has announced that a sophisticated attack manipulated an Ethereum cold wallet transaction, resulting in significant losses.

Feb 24, 2025

The Federal Financial Supervisory Authority (BaFin) has issued a warning against the website amgfinancialeu.com, citing its provision of financial, investment, and crypto-security services without proper authorization.

Feb 24, 2025

Georg Brameshuber, a crypto advisor, said that cryptocurrency is more than just money; Bitcoin represents financial "sovereignty," with some countries embracing it while others resist its influence.

Feb 21, 2025

The Comisión Nacional del Mercado de Valores (CNMV) has issued warnings about unregistered institutions that are unauthorized to offer investment services or related activities, including cryptocurrency services.

Feb 21, 2025

The Federal Financial Supervisory Authority (BaFin) has issued a warning against the website topcoinmarkt.de, citing unauthorized financial, investment, and crypto-security services.

Feb 21, 2025

Changpeng Zhao, also known as CZ, co-founder and former CEO of Binance, announced a donation of 150 BNB to assist those impacted by the Argentine $Libra currency incident.

Feb 18, 2025