I understand why you view it this way. But there are practical issues that cause real harm to people in the UK. For example, the FCA still does not properly distinguish between bitcoin and crypto. Add to that the influence of stablecoins, the flow of money, and increasing centralisation and co option.

I am fully aware there are forces at play, much like those Simon Dixon talks about, that make this feel pointless at times, and in some respects I agree. But there are things that can be done to improve conditions for people buying, holding, and mining bitcoin in the UK.

I set out some of these concerns in an article I wrote ten months ago. Much of it still stands, and in fact several aspects have become worse. My conclusion now is that while they cannot fully capture the base layer, they will try. Companies like Tether, and those linked to it, will increasingly build and control L2s.

I am not saying it is perfect. Bitcoin is not perfect. But where we can help steer understanding and educate and change harmful policies …..it is better that we exist than that we do not.

https://www.forbes.com/sites/digital-assets/2025/01/20/is-trumps-strategic-bitcoin-reserve-a-threat-to-freedom/