According to Michael Saylor, co-founder of Strategy, the Bank of England may soon add Bitcoin to its reserves. He made the comment during Bitcoin 2025 in Las Vegas, where Reform UK’s leader, Nigel Farage, spoke about his party’s new plan.
Farage said Reform UK wants the Bank of England to hold a “Bitcoin digital reserve.” He also introduced a bill that would cut capital gains tax on crypto from 24% to 10%.
Saylor’s View On Bitcoin Reserves
Saylor described Bitcoin as the “ultimate form of capital.” He said investors should think about moving money out of regular currencies and bonds into crypto. His firm, Strategy, has been buying Bitcoin for years.
Bank of England on the Brink… of Buying Bitcoinpic.twitter.com/8mdXj0SZ5l
— Michael Saylor (@saylor) May 30, 2025
Based on reports, US regulators now allow banks to hold and trade crypto. That makes it more likely that big institutions will get involved. If the Bank of England does buy Bitcoin, it would mark a big shift. Central banks usually stick to gold or government bonds. Shifting even a small slice of reserves to Bitcoin could change how people view digital coins.
Reform UK’s Crypto Plan
Reform UK has opened up to crypto donations, making it the first UK party to do so. Farage said banks must not close accounts for people who buy or sell crypto.
He suggested allowing taxpayers to pay tax bills in Bitcoin. The proposed Crypto Assets and Digital Finance Bill would set new rules to protect crypto users and encourage firms to offer crypto services.
Reform UK’s chairman, Zia Yusuf, said cutting crypto taxes could bring rich entrepreneurs back to Britain. He pointed out that a lot of wealthy people leave for places with lower taxes on digital assets.
Tax Cuts To Attract Entrepreneurs
Reports disclosed that Reform UK wants to drop capital gains tax on crypto from 24% down to 10%. Yusuf said this change could reverse the flow of talent leaving the UK.
If companies see they can keep more profits, they might stay or move here. That could lead to more jobs and more tech start-ups. But critics warn that cutting taxes could leave a hole in government revenue. In turn, the Treasury might have to find money elsewhere or cut services.
Featured image from Unsplash, chart from TradingView
