Devere Group’s CEO, Nigel Gree, has urged the UK government to establish a national Bitcoin (BTC) reserve. He emphasized that this step could enhance the country’s financial resilience and economic positioning. Green pointed to recent U.S. developments under President-elect Donald Trump, highlighting the growing global momentum toward digital assets.
Bitcoin Reserve Key to UK Economic Resilience
Green suggested that the UK’s adoption of a Bitcoin reserve would protect its role as a digital finance leader. Bitcoin’s decentralized, limited supply and resistance to inflation, he said, have made it a unique strategic asset. “Bitcoin offers the UK a hedge against traditional market volatility and currency devaluation,” Green stated.
He added that the UK could hold a national Bitcoin reserve to diversify its financial holdings and reduce its reliance on fiat currencies. This diversification would offer the economy a resource from global uncertainties, making it more resilient and flexible. He explained,
“The appreciation of Bitcoin holdings could offset a fraction of national debt.”
Furthermore, Green noted the chance to attract cryptocurrency entrepreneurs and blockchain innovators. He argued that if a country put Bitcoin in its reserve, that could create more jobs and increase the growth of an emerging digital economy.
“This is a unique opportunity for Britain to lead the global digital finance revolution,” he added.
U.S. Crypto Initiatives Spur International Competition
Under Donald Trump, the U.S. has taken confident steps to integrate Bitcoin into its financial strategy. Senator Cynthia Lummis proposed acquiring one million bitcoins as part of the national reserve, which Green cited. These initiatives suggest a growing understanding of Bitcoin as an important economic strategic asset.
Green described Trump as the “crypto president” for his administration’s focus on Bitcoin’s role in economic policy. The U.S. government plans to put the country on track to become a digital finance leader. He remarked,
“The U.S. is setting the stage for a new era of financial innovation.”
He warned that if it waits too long, the UK risks falling behind. Countries like the U.S. also use digital assets to gain a competitive edge in the global economy. Green stated,
“Global competition for tech leadership is intensifying, and the UK must take decisive action to remain relevant.”
Nigel Green Warns UK Against Crypto Inaction
Green said Prime Minister Keir Starmer should seize the opportunity to set the tone for the UK’s digital finance strategy. He said that adopting a bitcoin reserve would be evidence of bold leadership and vision in the country’s economic future. It is undoubtedly a big moment for Britain’s role in the global financial landscape.
He also pointed out the wider positives of such a move, including greater fiscal resilience and reduced exposure to economic shocks. If that holding leads to the UK becoming a hub for innovation and investments in digital assets, this again will make the UK the place to be.
“It’s not just about diversification; it’s about leading Britain now into the next era of financial innovation,” he added.
Green issued a warning about not acting. He said that failing to take advantage of digital assets could put the UK behind its global competitors.
“The financial landscape is changing rapidly, and the UK cannot afford to be a spectator,” he said.
