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 UK. Yusuf noted that many wealthy individuals leave for countries with more favorable tax regimes but might return if the UK cuts its tax rates on digital assets.
Michael Saylor Calls Bitcoin Ultimate Form of Capital
The Bank of England’s potential purchase of Bitcoin is similar to other financial institutions adopting digital assets. Regulators in the United States have stated that banks may legally offer crypto custody and execution services which has led more players to become involved in the field.
Likewise, Bit2Me and Cecabank joined forces to help traditional financial companies add digital asset services. The Bank of England may feel the pressure from these developments to make changes in its crypto strategy.
Michael Saylor, a longtime Bitcoin advocate, has urged investors to consider Bitcoin as a core asset amid his firm’s continuous BTC accumulation strategy. Speaking at the same conference, he said Bitcoin is the “ultimate form of capital” and encouraged capital reallocation from fiat currencies and traditional investments into Bitcoin.
Reform UK Broader Economic Agenda
In addition to introducing crypto policies, Reform UK has suggested broad changes in the economy to include raising the personal income tax allowance to £20,000 and restoring benefits for pensioners and disadvantaged people. In addition, the party intends to decrease the amount spent on international aid and invest more money in UK priorities.
According to Zia Yusuf, cutting spending on both net zero and foreign aid will help save a great deal of money. The party believes that cutting taxes in this way would bring more investment and stimulate the economy.
By doing this, the party is aiming to win over both financially secure individuals and people from lower-income groups with its support for business and financial responsibility.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
