Farage Takes the Crypto Plunge
Last Friday marked a significant moment in the crypto world when political figure Nigel Farage confessed he’s all in on digital currencies. In a video chat with Sam Volkering, the editor of Southbank Investment Research (and a notable publisher of Farage’s financial newsletter, Fortune & Freedom), he wasted no time in slamming the government’s ‘funny money’ schemes, which seem to be in continuous print mode amid the pandemic. Farage concluded it’s time to get smart on crypto since the old ways are clearly losing their charm.
The Ultimate Anti-Lockdown Investment
Farage, ever the controversial figure, has famously dubbed Bitcoin the “ultimate anti-lockdown investment.” This cleverly aligns with his new political endeavor, Reform UK. With traditional investment vehicles sucking the life out of portfolios, he’s saying, “Why not give crypto a whirl?”
Education is Key: Crypto 101 with Volkering
Not content with simply accusing governments of financial tomfoolery, Farage and Volkering are starting a series of educational videos aimed at demystifying cryptocurrency. They’ll guide viewers on how to buy, store, and safeguard their crypto wealth. Fair warning: prepare to witness the spectacle of a politician navigating technical jargon without calling for a lifebuoy!
Farage’s Audience: The Brexit Wealth Growers
Clearly, the target audience for Fortune & Freedom is the ambitious investor who wants to thrive in a “New Britain” post-Brexit. Farage is spinning a web that connects political freedom and financial empowerment, advising readers to take control of their money—and perhaps their destiny? Who knew political commentary could also double as a self-help manual?
The Weird World of Economic Theories
However, holding investors’ enthusiasm in one corner is Nick Hubble, Farage’s newsletter partner, who recently suggested that both Keynes and Friedman fell victim to COVID-19. He argues for a “radical future” promised by Modern Monetary Theory (MMT) while also acknowledging cryptocurrencies’ push against government fiscal policies. Is this where the political and the financial collide? It raises the question of how these two perspectives can exist together in harmony. Can we expect to see a Bitcoin rally in favor of MMT?
The Crisis = Change Equation
As the U.K. faces its significant economic upheaval due to COVID-19 and Brexit, there’s an old adage by Milton Friedman lurking in the shadows, awaiting the perfect moment to resurface. The idea that only a crisis births real change is taking on new meaning in our rapidly evolving financial landscape. Can we expect to see hidden ideologies just waiting to capitalize on this upheaval? Get your popcorn—this rollercoaster ride is just beginning!
