Bitcoin advocate and Strategy Executive Chairman Michael Saylor is excited about a big potential shift in the UK’s crypto future. At the Bitcoin Conference, UK politician Nigel Farage made a bold promise about the future of crypto in Britain.
He said that if his party wins the next general election, they will introduce a new law called the Crypto and Digital Finance Bill. The goal is to bring cryptocurrencies like Bitcoin into the mainstream and make the UK a global leader in digital finance.
Bitcoin supporter and Strategy founder Michael Saylor reacted to Farage’s speech, posting on X: “Bank of England on the Brink… of Buying Bitcoin.” Over the years, Saylor has pushed governments and institutions to recognize Bitcoin as a store of value and part of official reserves.
Farage said the Bank of England should hold Bitcoin as part of its digital reserves. He also promised to protect people’s bank accounts, so they won’t be shut down just for trading crypto. Right now, some people in the UK face problems when banks think their crypto activities are suspicious. Farage wants to change that. He also talked about taxes. If the tax rules for crypto are fair and clear, he believes more people will follow them.
With around 7 million Brits already owning crypto, including 1 in 4 young adults, Farage believes it’s time for the government to catch up. He said Britain needs to embrace the crypto revolution and turn London into “one of the world’s top crypto trading centres.”
Also Read: Bitcoin Is Perfected Capital: Saylor at Bitcoin Conference 2025
