News View Non-AMP

UK Crypto Regulation: Could a Bitcoin Reserve Boost the Economy?

Published by
Qadir AK

With 61,000 BTC, the United Kingdom is the third-largest Bitcoin holder, behind the United States (207,189 BTC) and China (194,000 BTC). Recently, Devere Group CEO Nigel Green suggested the UK government should follow Donald Trump’s idea of creating a Bitcoin national reserve.

Could this strategy reshape the UK’s economy? Let’s take a closer look at Green’s argument.

Trump’s Bitcoin Reserve Idea: A Closer Look

Recently, US President-elect Donald Trump proposed his plan to create a Bitcoin reserve in the United States. The plan has been received well by most. Many experts think that Trump’s move would help the US economy overcome significant challenges, including inflation and public debt. 

Financial expert Nigel Green also praised the United States’s new Bitcoin reserve strategy. Highlighting the prime benefits of the move, he advised the United Kingdom to adopt a similar strategy to boost the economy.

The UK’s Economic Struggles: Is It Time for Change?

The global economy is often unstable, and the UK faces its own set of challenges, including inflation and growing public debt. Currently, the UK’s national debt stands at 2.8 trillion euros—about the same as the total value of goods and services produced in the UK in a year.

In the past year, the UK government borrowed 125.1 billion euros, and last month, borrowing reached 17.4 billion euros—the second-highest borrowing in October since 1993. Inflation also rose sharply from 1.7% to 2.3% in October.

Green believes that adopting a Bitcoin reserve could help the UK solve some of its key economic problems. Bitcoin could protect against inflation, currency devaluation, and market volatility. It could also attract entrepreneurs and blockchain innovators, which could drive economic growth.

 

Will the UK Fall Behind?

Green warned that the UK could fall behind other countries in the race for financial and technological leadership. Many nations are already developing their own cryptocurrency strategies, and the UK needs to act quickly to stay competitive.

With Keir Starmer now Prime Minister, the UK is entering a new political phase. As the leader of the Labour Party, Starmer may be more open to bold economic policies, like establishing a Bitcoin reserve.

This could be the perfect time for the UK to adopt a fresh, innovative strategy to boost its economy.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Best Cryptocurrencies for June 2025: Ripple (XRP), Dogecoin (DOGE), Mutuum Finance (MUTM)

As market sentiment shifts and fresh momentum builds across digital assets, June 2025 presents a…

June 2, 2025

Live Coin Watch Alert: Bitcoin Solaris’s 21M Fixed Supply Creates Your Second Chance at Bitcoin’s Growth Path

When Bitcoin first emerged, its fixed 21 million supply was mocked. Today, that scarcity has…

June 2, 2025

Singapore Cracks Down on Unlicensed Crypto Firms with Strict New Rules

Singapore’s financial authority announces that unlicensed crypto firms operating overseas after June 30 will be…

June 2, 2025

Can U.S. Buy More Bitcoin? Here’s What David Sacks Revealed

On May 27, 2025, US President’s crypto czar, David Sacks, says there is a pathway…

June 2, 2025

After Monero Surge, Wall Street Ponke Gains Momentum, maybe Under $1?

Hackers used Monero to move stolen Bitcoin, pushing XMR up 24 percent to $269. But…

June 2, 2025

Pakistan Allocates 2,000MW for Bitcoin Mining and AI: A Digital Revolution

Pakistan has allocated 2,000 megawatts (MW) of electricity to fuel Bitcoin mining and artificial intelligence…

June 2, 2025