Nigel Farage Has Become a Bitcoin Believer

In the letter

  • Nigel Farage said that “huge amounts of fun money” printed by governments are pushing people towards Bitcoin.
  • The British politician and leader of the Brexit Party added that getting into crypto was “of vital importance” during the coronavirus pandemic.
  • He also called Bitcoin “the ultimate anti-lockdown investment”.

Nigel Farage, British politician and leader of the Brexit Party, stated that “it could be crucial that you spend a year looking at crypto and knowing what it means” interview with “Crypto Revolution” author Sam Volkering, published November 27th.

“It’s the subject everyone is talking about,” said Farage. “From the poorest to the richest in the country, one of the talks is about cryptocurrency. The reason is obvious: governments are creating huge amounts of fun money through this pandemic, weakening currencies, and people are scared of what this means for their money and investments. “

Farge previously expressed dissatisfaction with the UK government’s response to the coronavirus pandemic. At the start of the crisis, Farage declared that “protecting us all from an epidemic should take precedence over the economy,” and lambasted Boris Johnsons Herd immunity strategy.

When the bans were finally passed in the UK, Farage changed his mind, claiming that “the cure is worse than the disease”. At the same time, he also announced the renaming of the Brexit party to Reform UK and spoke out against bans, calling it “cruel and unnecessary”.

A spread of bitcoin coins. Image: Shutterstock.

As Decrypt According to reports, many financial experts have cited the coronavirus pandemic as one of the main driving forces behind the current price rally for Bitcoin and other cryptocurrencies.

“2020 was turbulent for everyone, but it will be a crucial opportunity for the crypto industry.” said Casey Taylor, vice president of networking and development at venture capital firm Digital Currency Group, in October. “The industry is not only intact, it has also been confirmed and has grown strongly.”

In addition, many governments around the world have taken unprecedented measures to mitigate the effects of the pandemic through financial stimulus packages.

It is perhaps not surprising, then, that Farage’s anti-lockdown feelings ultimately resulted in him getting “full bitcoin.” The day before the interview was Nick Hubble, editor at Farage’s Happiness & freedom, also published an article entitled “Should You Invest in Bitcoin?In it, Hubble outlined the basics of crypto investing and stated that “the many advantages of Bitcoin only really apply under certain conditions”.

“Now I’m pretty pessimistic about our own economy and the future of lockdowns for the next year. This means that Covid-19 may bring the use of Bitcoin to the UK. We might soon have reason to concern ourselves with Bitcoin; a crisis or crackdown in the traditional financial system, ”wrote Hubble.

Recently, Farage also called Bitcoin “the ultimate anti-lockdown investment” – a logical choice for an anti-lockdown party.