As economic instability loomed in late 2022, Nigel Farage highlighted the growing appeal of cryptocurrencies during a bitcoin conference. He expressed concerns over inflation and public distrust of fiat currencies. Farage's advocacy included unveiling a policy aimed at establishing London as a global cryptocurrency hub and announcing his party's acceptance of crypto donations. He revealed his personal journey into the crypto space during the pandemic, stating that cryptocurrencies had evolved from speculation to a practical investment, bridging his libertarian views with modern financial solutions.
In April 2022, Farage appeared in a video titled New Money, New Rules from Southbank Research, offering the truth about crypto, in which he said he had bought cryptocurrencies.
Farage outlined Reform's policy on cryptocurrencies, presenting details of a bill to make London a global crypto powerhouse that the party would bring in from government.
With inflation forecast to reach up to 20%, with increasing distrust of fiat currencies, people are looking for alternatives. 'Are you ready for bitcoin?' he said.
Connecting the messaging of libertarian Euroscepticism to his support for cryptocurrencies, he explained how in 2020 he had taken on a new mission.
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