PANews reported on November 26 that according to Bitcoin.com, Nigel Green, CEO of Devere Group, an independent wealth management and financial advisory agency, called on the British government to establish a national Bitcoin reserve.
Green stressed that as the price of Bitcoin approaches $100,000, it has the potential to strengthen the UK's economic position. He described the opportunity for UK Prime Minister Keir Starmer to take the lead in implementing a revolutionary financial strategy, commenting: "The United States is already moving in this direction. President-elect Trump, now known as the 'crypto president,' has pledged to establish a national Bitcoin reserve, laying the foundation for this goal."
Green warned that the UK cannot be complacent in the competition for economic innovation and autonomy. He believes that Bitcoin's unique characteristics, including its decentralized framework, limited supply and anti-inflation, make it a unique asset, and using Bitcoin as a strategic reserve can change the UK's fiscal strategy and provide a hedge against traditional market fluctuations and currency depreciation.
