Key Highlights:
- Financial expert Nigel Green urges the UK to create a Bitcoin national reserve, echoing Trump’s bold move in the U.S.
- With 61,000 BTC in holdings, the UK is already the third-largest Bitcoin holder, behind only the U.S. and China.
Yello, Paradisers! Could Bitcoin be the secret weapon to fix the UK’s economy? That’s the question stirring up debate as Devere Group CEO Nigel Green urges the British government to mimic Donald Trump’s plan to create a Bitcoin reserve. With the UK’s national debt nearing £2.8 trillion and inflation creeping up, the timing couldn’t be more critical.
Trump’s Bitcoin Revolution: An Economic Blueprint?
Earlier this year, U.S. President-elect Donald Trump announced a plan to establish a Bitcoin reserve, gaining applause for its potential to address inflation and public debt while bolstering the U.S. economy. Now, Green believes the UK should follow suit.
“Bitcoin isn’t just an investment; it’s a lifeboat in a stormy global market,” Green emphasized. He pointed out that adopting Bitcoin as part of a national reserve could shield the UK from currency devaluation and market volatility.
What’s at Stake for the UK?
Let’s talk numbers. The UK’s national debt is now equivalent to its entire annual GDP, around £2.8 trillion. In October alone, the government borrowed £17.4 billion, marking one of the highest monthly borrowing figures since 1993. Meanwhile, inflation jumped from 1.7% to 2.3%, hitting households and businesses alike.
A Bitcoin reserve could serve as a hedge against these financial woes, stabilizing the economy while drawing crypto entrepreneurs and blockchain innovators to the UK. “Bitcoin is a magnet for talent and capital,” Green argued, suggesting that a move like this could position the UK as a global leader in digital finance.
The Global Crypto Race: Is the UK Falling Behind?
Green’s warning is clear: the UK risks being left in the dust as other nations surge ahead in crypto adoption. The U.S. and China have already cemented their positions as the top Bitcoin holders, while smaller nations like El Salvador have embraced Bitcoin as legal tender.
With Keir Starmer now leading the Labour Party and taking over as Prime Minister, Green sees an opportunity for bold, forward-thinking policies. Starmer’s fresh leadership could provide the momentum needed to implement revolutionary ideas like a national Bitcoin reserve.
What’s Next? The FCA’s 2026 Crypto Regulation Plan
Adding to the buzz is the Financial Conduct Authority’s (FCA) roadmap to fully regulate crypto assets by 2026. While details are still unfolding, this initiative could create the regulatory clarity needed to integrate Bitcoin into the UK’s financial ecosystem.
By combining a Bitcoin reserve strategy with a robust regulatory framework, the UK could transform its economic landscape, attract global investors, and reclaim its status as a financial powerhouse.
The clock is ticking. As global competition in crypto heats up, the UK faces a critical decision: embrace Bitcoin and lead the charge into the digital age, or risk being left behind. Green’s call for a national Bitcoin reserve isn’t just about catching up, it’s about leaping ahead.
