As the cryptocurrency sector expands, institutions and governments around the world become more polarized regarding its assets, including Bitcoin (BTC), with one former politician heavily advocating for it.
Indeed, British broadcaster and former politician and once the leader of the UK Independence Party (UKIP), Nigel Farage, explained all the advantages that Bitcoin holds in his view at the Bitcoin Amsterdam conference in an interview streamed on October 13.
Economic insurgency met with strong opposition
During the interview, the former Member of the European Parliament (MEP) called crypto an “economic insurgency led by people who are worried about the sheer size of big government and they want to be free, independent, masters of their own destiny, so for me, it’s a perfectly natural place to be.”
Comparing the idea of Bitcoin with Brexit in terms of opposition, Farage said that:
“Any new idea will automatically face the opposition of the entire establishment because they own the settled status quo, they’re very comfortable, they’re doing nicely, they don’t want anything to come along and disrupt.”
In his words, he is a fan of Bitcoin because:
“With Bitcoin, number one – the technology has been proved to work and it’s getting better. Number two – government cannot come near it, government cannot tell me what I can and cannot do with Bitcoin”
As he added, “in that sense, it is the ultimate freedom, and if we work cleverly with lawmakers…
