According to strategy co-founder Michael Saylor, the Bank of England may soon add bitcoin to its reserves. He commented on Bitcoin in Las Vegas in 2025, with Nigel Farage, the leader of British reform, talking about his party’s new plans.
Farage said the UK reform hopes that the Bank of England will hold the “digital reserve of Bitcoin”. He also introduced a bill that would reduce the capital gains tax on cryptocurrencies from 24% to 10%.
Saylor’s view on Bitcoin reserves
Sailer describes Bitcoin as “the ultimate form of capital.” He said investors should consider moving funds out of conventional currencies and bonds into cryptocurrencies. His corporate strategy has been buying Bitcoin for many years.
Bank of England on the edge…buy Bitcoinpic.twitter.com/8MDXJ0SZ5L
— Michael Saylor (@saylor) May 30, 2025
According to the report, U.S. regulators now allow banks to hold and trade cryptocurrencies. This makes it more likely that large institutions will be involved. If the Bank of England does buy bitcoin, it would be a big shift. Central banks usually stick to gold or government bonds. Even transferring a small portion of the reserves to Bitcoin could change the perception of digital coins.
Image: Blueberry
Reforming UK crypto plans
British reforms have opened up to cryptocurrency donations, becoming the first British party to do so. Banks are not allowed to close accounts of people who buy or sell cryptocurrencies, Farage said.
He suggested that taxpayers be allowed to pay tax bills in bitcoin. The proposed crypto assets and digital financing bill will create new rules to protect crypto users and encourage companies to provide crypto services.
Zia Yusuf, chairman of the reform UK, said cutting crypto taxes could bring wealthy entrepreneurs back to the UK. He noted that many rich people left places where digital assets are taxed at low rates.
Tax cuts to attract entrepreneurs
The report said, “Reform Britain hopes to reduce the cryptocurrency tax from 24% to 10%. Yusuf said the change could reverse the talent flow leaving the UK.
If companies see that they can keep more profits, they may stay here or move here. This could lead to more work and more technology startups. But critics warn that tax cuts could leave a loophole in government revenue. In turn, the Treasury may have to find money elsewhere or cut services.
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