The Brexit leader has also been a Bitcoin advocate!
British Brexit party leader Nigel Farage said it was “very important” that people invest in cryptocurrency during the outbreak.
Nigel Farage has said “huge amounts of money” minted by governments are pushing people towards Bitcoin. The British politician and Brexit party leader added that it was “very important” to get into cryptocurrency during the Coronavirus outbreak. Farage also called Bitcoin “the ultimate anti-deadlock investment.”
A Topic That Everyone Is Talking About
In an interview with “Crypto Revolution” author Sam Volkering, published on 27 November, British politician and Brexit party leader Nigel Farage explained that “it can be very important that you think about cryptocurrency and what it means.” “That’s what everyone is talking about,” Farage said.:
“One of the conversations that goes on from the poorest to the richest in the country is about cryptocurrency. The reason is very clear: governments are creating a lot of funny money through this epidemic, lowering their currencies, and people are afraid of what this means for their money, their investment.”
Farge had previously expressed dissatisfaction with the UK government’s response to the coronavirus pandemic. At the start of the crisis, Farage said that “protecting us all from an epidemic should be prioritised over the economy” and criticised Boris Johnson’s herd immunity strategy.
When UK lockdowns finally came into force, Farage changed his mind, claiming that “treatment is worse than disease.”
Coronavirus Was One Of The Main Drivers
Coronavirus is one of the main drivers behind the current price rally of Bitcoin and other cryptocurrencies, according to many financial experts. “2020 has been turbulent for everyone, but it will be remembered as a defining opportunity for the cryptocurrency industry,” said Casey Taylor, vice president of networking and development at venture capital firm Digital Currency Group, in October.
In addition, many governments around the world have taken unprecedented measures to soften the impact of the pandemic through financial stimulus packages. It basically started printing too much “Funny Money,” In Farage’s words, leaving national currencies at risk of devaluation. So perhaps it’s no surprise that Farage’s sentiments eventually led him to switch to “Bitcoin.”