Nigel Farage discusses economic instability on his GB news show as Liz Truss prepares to turn around her mini budget in October 2022. But he didn't broadcast from Paddington's channel studio. Instead, Farage was speaking at a Bitcoin conference in Amsterdam.
“With inflation forecasts likely reaching 20%, with fiat currency distrust, people are looking for alternatives… Are you ready to go for Bitcoin?” he said in his opening remarks.
On Thursday, as a member of Congress, not a broadcaster, Farage once again spoke at the Bitcoin conference in Las Vegas. Despite the changes in the venue, the organizers are the same.
In Las Vegas, Farage outlined reforms to cryptocurrencies, introducing details of a bill the party will bring from the government to make London a global “crypto powerhouse”. In its final boom, he announced that the party had become the first to accept cryptocurrency donations from Bitcoin and other qualified UK donors.
So how do former traders who make money in more obvious metal commodities become cryptocurrency converters? His journey seemed to have begun during the pandemic. In a video about Bitcoin for Fortune and Freedom, Farage said cryptocurrencies are “the topic everyone is talking about”, and his investment newsletter released in October 2020, published by Southbank Research.
In April 2022, Farage appeared in a video titled "New Funds, New Rules" by Southbank Research and provided "The Truth About Cryptocurrency", which he said he had purchased cryptocurrencies.
He said: “Five years ago, cryptocurrencies were pure speculation. But now, it makes sense to have cryptocurrencies as part of your plan, doesn’t it?
He explains how he sold first-year subscriptions for £79 in 2020 with a separate British independent fortune, connecting the news of liberal Euroscepticism with his support for cryptocurrencies and how he can help people control their finances through “new tasks beyond politics”.
Farage spoke in Amsterdam and the hosts of the GB news program in a group at the conference. He called cryptocurrencies "an economic insurgency and driven and led by people who fear the size and size of large governments." Bitcoin is “ultimate freedom, ultimate freedom”, he said.
Farage also cites Coutts and Natwest’s withdrawal in 2023, which was his motivation for adopting alternative currencies.
“The idea that you can be revoked is that as regulation increases, banks can control the idea of how you spend money, whether you can even make money, or there is a feeling throughout the crypto community, which is a form of personal sovereignty.”
In June 2024, he announced that he would participate in the election a few days after the election, it was a meme coin—a cryptocurrency that attempts to take advantage of viral success, often very volatile—known as "$ farage." Within two weeks, he appeared in a cameo video in which he “yelled at the existing cryptocurrency community and was ignored in this election.”
He continued: "Many of you are interested in meme coins, and there are a lot of other things - look, some of them do well, some do not. However, it's important. It's important. Brexit means Brexit, but cryptocurrencies are exempt from government control. From government control. Escape from an obsolete person.
Farage said in his second cameo video: "I now learn that there is a Farage coin that is collecting support from the UK cryptocurrency community, which is that Rich and Sunak and Sunak and Sunak and Starmer will not contact the barge poles. It. But you will never know."
Since then, the coin has lost more than 90% of its value. There is no suggestion to connect the currency to Farage. However, posts in the X account claiming to be related to $Farage Coin promised that they "will be the first token ever to donate to British parties" and guaranteed a reform of donations once the overall value of the coin exceeds certain thresholds.
Not all Farage’s cameo videos are consistent in cryptocurrency. A June 2021 video carries a quote from two competing meme coins, which Farage pleads from the script: "Gabe Gabe Gabe, Gabe's Ape."
He added: "Good luck."