Bitcoin: Farage's Shocking Plan To Entice Young Britons

The United Kingdom shines in offices, not on the field. It refines crypto regulation with the obsession of a tax inspector. Yet, it remains timid. The adoption of this technology—promised, praised, regulated—is slow. The major moves come from elsewhere. From the unexpected side. It is the far right that slams the door on banks and enters, crypto flag in hand. Nigel Farage, the Eurosceptic troublemaker, moves from the City to Web3 without blinking.

The “Crypto Assets Bill”: a digital revolution announced by the far right

This is not a campaign gimmick, but a substantial bill, structured, provocative. A first in British political history. Nigel Farage injects bitcoin into the very arteries of the State. He wants a sovereign reserve at the Central Bank. Although the idea was rejected by the current government.

He proposes a reduced 10% tax on crypto capital gains. He wants to ban banks from closing accounts deemed too Web3. A two-year regulatory sandbox will serve as a springboard.

The idea? Remove barriers. Make England hospitable for blockchain. And above all, credible. The project is not written on a corner of a table. It sticks to a conviction. “Bitcoin is freedom“, repeats Farage since his banking exclusion. He has not forgotten. He politicizes the attack. And turns his exclusion into a slogan.

No empty speeches: promises that are striking. He assures citizens will pay their taxes in crypto. Some laugh. Others are already downloading their crypto wallet.

Donations in bitcoin: political move or viral strategy?

Farage is not pretending. He opens his party’s coffers to crypto donors. Bitcoin, Ethereum, stablecoins, all are welcome. He is not the first. But he is the first to make it an electoral pivot. Not a communication gimmick, a declaration of intent. He plays the Trump card. That of the tech-loving outsider who speaks to young people.

On the other side, others remain stuck on the key interest rate. He talks wallet, direct donation, decentralized traceability. And that appeals. Not to analysts. To voters, yes. A quarter of young Britons have already experienced crypto. They talk about it between two stories. No need for posters, tweets do the job.

And Farage goes further. “Crypto is freedom“, he says, jaw clenched. He knows he will not win Westminster with ICOs. But he also knows these symbols hit home. They shake things up. They create noise. And in this campaign saturated with platitudes, noise is already a victory.

Farage candidate: populist icon or digital wildcard?

He’s back. Again. Farage never really tires out. He resurfaces, often when no one wants to listen anymore. But this time, he comes back with lines of code. Not slogans. And he speaks to the forgotten. Those who listen to YouTube more than BBC. Those who were unbanked, forgotten, mocked.

His angle is simple: take back control. It’s no longer just a financial Brexit. It’s an ideological fork. He turns frustration into a program. And his crypto vision fits in there. In this national fatigue. This desire for a break. The feeling that everyone is getting rich except the English. The bullet points are not there for decoration. They speak to instinct:

• 1 in 4 young Britons own crypto;
• Crypto taxes would drop from 24% to 10%;
• Bitcoin would enter the Central Bank;
• Crypto donations become legal and direct;
• Banks would lose their power to shut off the tap.

Farage dives into the political void with a techno vision. Not because he believes in it. Because he senses others do. And because he knows how to capture this vague faith called today “electorate”.

In September 2024, the United Kingdom finally clarified the legal status of crypto and NFTs, recognizing them as personal property. A framework, finally. But faced with debts, doubts, disguised devaluations, what is a framework without action worth? And if the real shock absorber tomorrow were a bitcoin reserve?