The post Michael Saylor Says Bank of England On the Brink Of Buying Bitcoin appeared on BitcoinEthereumNews.com.

Michael Saylor, co-founder of Strategy, has stated that the Bank of England may soon begin purchasing Bitcoin. His remarks come amid increasing interest in cryptocurrency adoption by governments and financial institutions worldwide. Michael Saylor Predicts Bank of England to Buy Bitcoin Responding to a video of Reform UK, led by Nigel Farage at the Bitcoin 2025 conference in Las Vegas, Michael Saylor has expressed optimism about the Bank of England’s potential move toward Bitcoin. Saylor suggested that the UK’s central bank could soon establish a strategic reserve of Bitcoin, signalling a shift in government attitudes toward digital assets. At the conference, Nigel Farage announced that Reform UK plans to introduce a “Bitcoin digital reserve” at the Bank of England. Farage’s party is also pushing a new Crypto Assets and Digital Finance Bill aimed at fostering crypto adoption and cutting capital gains tax on crypto from 24% to 10%. Michael Saylor’s comments followed this announcement and reflected growing momentum around cryptocurrencies in public policy. Reform UK’s Cryptocurrency Policy and Goals Reform UK has now allowed supporters to donate in cryptocurrency, making it the first UK political party to offer this choice. The party wants the UK to become a leader in the digital world by passing laws that encourage using digital assets and safeguard crypto users from having their bank accounts closed. Nigel Farage at the said the party’s plan would make it illegal for banks to “debank” customers who trade cryptocurrencies. He also emphasized lowering capital gains tax on crypto assets and allowing taxpayers to pay taxes in Bitcoin. The party’s agenda targets younger voters and entrepreneurs by promoting cryptocurrency as a key financial tool for the future. The party’s chairman, Zia Yusuf, highlighted that reducing capital gains tax on crypto could reverse the exodus of wealthy entrepreneurs from the…

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Filed under: News - @ May 31, 2025 9:27 am