According to strategy co-founder Michael Saylor, the Bank of England may soon add Bitcoin to its preparations. He made a comment in Bitcoin in 2025 in Las Vegas. There, British leader Nigel Farage spoke about his party’s new plans.
According to Farage, the UK wants the Bank of England to hold a “Bitcoin Digital Reserve.” He also introduced a bill that would reduce the capital gains tax on crypto from 24% to 10%.
Saylor’s views on Bitcoin Reserve
Saylor described Bitcoin as the “ultimate form of capital.” He said investors should consider moving money from regular currencies and bonds into crypto. His company strategy has been buying Bitcoin for years.
The Bank of England is on the verge of buying bitcoinpic.twitter.com/8mdxj0sz5l
– Michael Saylor (@saylor) May 30, 2025
Based on the report, US regulators are currently allowing banks to maintain and trade crypto. This makes it more likely that large institutions will be involved. If the Bank of England buys Bitcoin, it marks a big change. Central banks usually stick to gold or government bonds. Shifting small reserves to Bitcoin could potentially change the way people see digital coins.
Image: Blueberry
Reform UK’s crypto plan
Reformed Britain was open to donating crypto, and it was first able to do it. Farage said banks should not close accounts for people who buy and sell crypto.
He proposed allowing taxpayers to pay taxes in Bitcoin. The proposed crypto assets and digital finance bill sets new rules to protect crypto users and encourage businesses to provide crypto services.
The reforms of the UK’s Zia Yusuf said that cutting crypto tax could bring rich entrepreneurs back to the UK. He pointed out that many wealthy people leave to places where taxes on digital assets are low.
Tax reductions to attract entrepreneurs
Reform uk revealed it wants to reduce the capital gains tax on Crypto from 24% to 10%. Yusuf said the change could reverse the tide of talent leaving the UK.
If you think a company can maintain more profits, you could either stay here or move. It could lead to more work and more tech startups. However, critics warn that tax cuts could possibly puncture government revenues. Second, the Treasury may have to find money elsewhere and cut services.
Unsplash featured images, TradingView charts
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