Britain is heading toward a monetary breaking point and Steve Baker doesn’t hold back. In this conversation he lays out why fiat money is failing, why Westminster can’t see the crisis it created, and why Bitcoin is the only credible way out. We get into democracy, technocracies, media misinformation, forever wars, CBDCs and the incentives quietly steering UK policy off a cliff. If you want the unfiltered version of political reality this one is worth a watch. Watch the full episode on @Roxom TV. Link below:

Is Saylor building his own central bank? His Bitcoin MENA keynote mapped out something far bigger than balance sheet accumulation. He described a full monetary engine built on bitcoin reserves, corporate credit and synthetic digital dollars. Here is how it works and why it matters in my latest Forbes piece. https://www.forbes.com/sites/digital-assets/2025/12/11/saylors-plan-to-build-a-bitcoin-powered-shadow-central-bank/

Today has been a wild day at Bitcoin MENA. My day was going to start with a panel, which turned into a fireside thanks to visa issues, and almost became a keynote. Thankfully @Erik Hersman jumped in and saved me. Loved hanging out with the @Roxom TV team, interviewing Tony at The Bitcoin Way, @Daniel Batten , and Kyle Knight from Bitcoin Culture Hub. It was great spending time on the livedesk with @Frank Corva and Lukas Duczko, Chairman at Blink. Thanks @The Bitcoin Conference , it’s been a blast!

One year ago today, I became CEO of Bitcoin Policy UK. Since then, our small team of volunteers has achieved what most well funded organisations struggle to do, in one of the toughest environments for UK businesses. Individuals and companies are leaving the country at a record pace, and the policy space is dominated by pay to play dynamics and crypto lobbying money. Despite that, we have delivered. What we have accomplished together: - Helped secure Bitcoin’s recognition as property in UK law. - Responded to government consultations, submitted detailed policy papers, and held constructive conversations with MPs, Lords, regulators, and civil-service teams. - Launched our new website - Distributed our 2025 Manifesto to all 650 MPs and expanded our research across energy, tax, financial inclusion, and infrastructure. - Hosted events on Human Rights, Bitcoin in Business, and Bitcoin for Institutions. - Had a presence and a main hall stall at the 2025 Labour Party Conference, opening new Bitcoin conversations. - Partnered with 11 organisations and hosted multiple BPUK events that connected the bitcoin industry with policymakers, energy experts, and regulators. - Appeared in multiple podcasts, interviews, and media articles -Set up mining proof of concepts -Launch our 'On the Record' podcast. - Spoke at industry events around the world. - Designed and delivered the ‘Contact My MP’ App, helping supporters reach their representatives directly and raising the bar for political engagement in the Bitcoin space. All of this has been achieved by a team of outstanding volunteers with no full time staff, very modest funding, and no compromise to our values. We have been pushing uphill in a system where influence is usually bought. We have moved the dial and proven that the UK does have a place in Bitcoin’s future, provided we continue to fight for it. Year one was foundations. Year two is where we build strength and momentum. Thank you to everyone who has supported us, shared our work, and contributed time, expertise, or energy. BPUK exists because the community wants it to. Here’s to the next chapter. A special thanks to my amazing team: Freddie New Dr Cristina Llamas-Rey Russell Rukin Nick Bowick Jeremy Cline Juniper Jason Jason Sami Shams and others who prefer to stay behind the scenes. @Bitcoin Policy UK @fnew @Jace @jeremycline

Packed first day at Bitcoin MENA with discussions on sovereignty, Bitcoin as a medium of exchange, and how the UAE keeps pulling in talent and innovation by actually listening to people in the space. Wrapped it up with the Musqet team. @Frank Corva @Bitcoin Magazine @₿𝔢𝔫 ∞/2.1Psat ⚡️💊🧠📚🇳🇿🇩🇪Ⓐ🏴🌹 @MUSQET

Africa is showing the world what Bitcoin is actually for. At the African Bitcoin Conference in Mauritius, you see it up close. When banks fail and currencies collapse, people build their own solutions. Real innovation is happening in Africa while the Western world sleeps. My latest Forbes article: @White Noise

Forbes

Africa Turns To Bitcoin For Real Financial Solutions

Across Africa, developers, educators and communities are using bitcoin to solve long standing problems in payments, energy and financial access.

Loved every second of Bitcoin Amsterdam. From KYC to mining to the satoshi quiz, the whole event was on fire. Huge respect to everyone who put it together. Bitcoin feels stronger than ever.

The cracks in the fiat system are becoming impossible to ignore. I spoke with Archie from @Bitcoin Archive about why governments can’t print trust, how central banks are panicking as debt spirals deepen, and why Bitcoin is becoming the escape hatch for a world losing faith in money. We also disussed the new global order, hyperinflation, and the end of monetary privacy, and why Bitcoiners saw this collapse coming.... With a special guest appearance from Ozzy. Watch the full conversation on @Roxom TV.

Had an amazing time in Prague and got to visit SatoshiLabs, home of Trezor and @vexl 😎 . Recorded a brilliant pod with Marcel about Bitcoin Dada, Grafton about Vexl, and Efrat about her ‘You’re The Voice’ podcast. Always great hanging out with Isabella, a phenomenal freedom fighter and educator for Get Based, as dedicated as ever. It was a lovely surprise bumping into Nick Anthony from the Cato Institute. All these incredible people had one thing in common: Bitcoin as freedom money. Thank you to the Trezor team for being so welcoming and awesome. @Efrat Fenigson @Grafton @ Vexl @Isa ⚡️

In 1994, Rwanda descended into one of the darkest chapters in modern history. Over a million people were killed while the world looked away. Anaïse Kanimba lost her biological parents in that genocide and was later adopted by Paul and Tatiana Rusesabagina, whose story inspired Hotel Rwanda. Her life is a living reminder of survival, silence, and the fight for freedom. In our conversation, she shares how in times of collapse money becomes a weapon and how Bitcoin can serve as a tool for freedom. You can watch the full interview here:

Simon Dixon says we’re now in the “Wall Street Attack Phase”, a period where traditional finance will do whatever it takes to get our bitcoin. The history of bitcoin has always been one of counterattacks, and this is just another chapter. Hal Finney imagined a future where banks would hold bitcoin as reserves and settle with each other using it, integrating rather than replacing the financial system. But that doesn’t mean we shouldn’t stay alert to how easily integration can become capture. In this podcast, Simon issues a series of serious warnings: - Many underestimate what Wall Street is willing to do to take your bitcoin. Everyone’s going to go through some really hard lessons in the coordinated, engineered process to teach people they should have bitcoin in self custody. - People come in for Number Go Up technology and until they go through a disaster, they don’t realise that money you can own and money you can spend is the real utility. - The true utility of bitcoin is self custody. - There’s a crucial distinction between bitcoin in custody, bitcoin in self custody, and everything else in crypto. If you don’t figure that out over the next five years, you’ll end up in a Universal Basic Income surveillance state, an Orwellian nightmare where you get the vaccine or you get negative interest rates. Which side of that are you going to be on? Simon predicts that anyone who does it through Wall Street via ETFs, pensions or bitcoin backed loans will see a repeat of 2021. They will live through another elaborate scheme that ends with your bitcoin in their wallets and under their control. We will live in a two tier bitcoin system with Wall Street instruments on one side and bitcoin in self custody on the other. Self custody is ultra ultra important for people to figure out. My takeaway: This @Simon Dixon podcast with @Bitcoin Archive could be one of the most important podcasts you listen to. Please don’t lose your way. Remember why bitcoin is special, it’s freedom money, not a Wall Street instrument. As Simon says, bitcoin is the opt out. It’s an exit from the system. Watch here:

The UK holds £5 billion in bitcoin, yet pushes digital IDs instead of considering a strategic bitcoin reserve. The divide isn’t left vs right, it’s freedom vs control. Read my latest Forbes article . https://www.forbes.com/sites/digital-assets/2025/10/03/bitcoin-and-digital-id-show-the-uks-fight-over-freedom/

A $7 billion fraud trial starts in London on 29 September. Central to the case is the fate of 61,250 seized bitcoin, now under dispute. Chinese victims want their money back, while UK prosecutors focus on possession and transfer charges. The Telegraph tried to spin the bitcoin as a quick fix for the deficit, but the reality is far more complex. Read the full article here:

Decrypt

$7 Billion Bitcoin Fraud Trial to Begin in London—What You Need to Know - Decrypt

A fraud case of “unprecedented” scale goes to trial this month—and could test how UK authorities deal with crypto-related financial crime.

Great to join Joey Garcia, Alfonso Martel Seward and Ione Butler on The Roxom Report. We discussed UK and EU regulation, the barriers to growth, the role of the FCA, consumer harm, and the growing risks around privacy and surveillance. Important conversations that we need to have more of. ⚡️

Harvard economist Matthew Ferranti has published a peer reviewed study showing that central banks preparing for sanctions risk should hold more than just gold. His model demonstrates that adding Bitcoin to reserves strengthens resilience when access to traditional assets is threatened. For the first time, a peer reviewed economics journal is treating Bitcoin as a credible reserve asset rather than speculation. What took them so long? A reminder that money can be weaponised, while Bitcoin remains neutral, borderless, and open to everyone. At the Financial Times Digital Asset Summit, the UK’s Economic Secretary to the Treasury, Emma Reynolds said Bitcoin “isn’t for us.” Ferranti’s study shows why the government must start researching Bitcoin’s role in reserves. This is the kind of research @Bitcoin Policy UK has consistently urged the Treasury and Parliament to conduct. Read the full paper: https://www.sciencedirect.com/science/article/pii/S0261560625001688

Runaway US debt is on target to hit $40T by Christmas. In the UK, the Office for Budget Responsibility flags us as one of the most indebted advanced economies. As Reuters put it: “Britain’s economic problems are home-grown and a solution looks a long way off.” Inflation saves the state, Bitcoin saves you.

Office for Budget Responsibility

The UK’s fiscal position in international context - Office for Budget Responsibility

The UK’s fiscal position is increasingly vulnerable, by both historical and international standards. In this box, we considered the drivers of fi...

https://www.reuters.com/commentary/breakingviews/britains-economic-woes-are-sadly-home-grown-2025-09-05/

Is this how freedom ends in the UK? The UK’s latest “crypto AML rules” slash ownership disclosures from 25% to 10%, pulling more people into disclosure regimes and expanding banking surveillance.

Passle

UK drafts changes to Money Laundering Regulations

The UK Government has shared draft legislation amending the Money Laundering Regulations, including changes to cryptoasset regulation, customer due...

GOV.UK

The draft Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025 - Policy note

These measures are framed as fighting crime. But similar rules in tradfi have existed for years and haven’t stopped fraud or money laundering. What they do create are honeypots of personal data, risks for law-abiding people, and deeper state oversight. This is about normalising authoritarian tools, not AML or safety. Decades of KYC and financial surveillance show how control creeps in rule by rule. That same authoritarian logic already governs speech, from the Online Safety Bill to Graham Linehan’s Heathrow detention over tweets. And now digital IDs are back on the table, linking finance, identity and turning everyday access into a system of control. Add in programmable money and street surveillance, and you have a panopticon, a 1984 scenario darker than Orwell imagined.

99Bitcoins

New UK Crypto AML Rules Target Ownership, Banking, and Trusts

The UK is updating its crypto AML rules with stricter checks on ownership, banking partners, and trust registration. Feedback open until Sept.

The UK has offically sleepwalked into authoritarianism.

The long predicted supply crunch on Bitcoin could be just around the corner. Businesses are buying four times more BTC per day than miners produce. Around 7.6% of the total supply is gone forever. The pressure on liquidity is building.

Bitcoin News: Companies Absorb BTC at 4x Daily Miner Supply, Per River's Research

River’s BTC flow map shows corporate inflows are near four times miners' new supply, though figures are estimates and not literal buying.

Bitwise is forecasting a 1.3 million dollar Bitcoin as institutional giants prepare to deploy trillions. ETF inflows hit $440 million in a single week.

Bitcoin News

Bitwise Forecasts $1.3M Bitcoin as Institutional Giants Could Deploy $5 Trillion

Bitcoin is on track for explosive institutional adoption, with forecasts pointing toward a potential $1.3 million price by 2035.

Eric Trump recently said there is no question Bitcoin will hit one million dollars in the coming years. He pointed to soaring demand from nation states, corporates and ultra wealthy families. https://reuters.com/world/asia-pacific/eric-trump-sees-bitcoin-hitting-1-million-praises-china-cryptocurrency-role-2025-08-29/ (Paradoxically, he is knee deep in his shitcoining phase, while seeming to understand Bitcoin’s fundamentals.) Global adoption is accelerating, supply is tightening, and institutional demand is surging. The alignment of adoption, infrastructure, institutional capital and urgency is becoming impossible to ignore. How much longer until the UK wakes up?

Bitcoin mining is essential energy infrastructure. Hut 8, named after Alan Turing's WWII codebreaking hut, has rebranded to American Bitcoin and plans to start trading on Nasdaq after merging with Gryphon Digital Mining. They will no longer be a pure Bitcoin miner. They plan to become an energy and compute infrastructure operator, expanding into AI hosting, flexible grid partnerships, and advanced computing markets. The Trump family involvement brings mainstream attention, some positive, some polarising. What remains constant is that Bitcoin itself is neutral, independent of politics or branding. For once, Bitcoin is in the headlines for the right reasons. Read the full article: https://www.reuters.com/world/asia-pacific/american-bitcoin-backed-by-trump-sons-aims-start-trading-september-2025-08-28/ As Eric (probably never) said, ‘1 bitcoin = 1 bitcoin.’

Energy bills are climbing again in the UK while billions are being paid out in curtailment costs. Flexible load solutions that could help stabilise the grid are being ignored. According to the Financial Times, in the 2024–25 financial year. NESO spent £2.7 billion in total balancing costs in 2024–25, with wind curtailment a major contributor. This curtailment happened because the grid could not handle the excess electricity.

Client Challenge

Recent coverage paints a clear picture. YahooFinance and CoinDesk report on Hut 8’s efforts to monetise energy assets, showing how miners are aligning with the energy sector to provide stability and unlock new revenue streams.

Yahoo Finance

Hut 8 Maps

Benchmark analyst Mark Palmer hiked his Hut 8 price target to $36 from $33, while reiterating his buy rating on the stock.

Hut 8 (HUT) Maps Out 1.53GW Expansion as Bitcoin (BTC) Mining Carve-Out Nears: Benchmark

Benchmark analyst Mark Palmer hiked his Hut 8 price target to $36 from $33, while reiterating his buy rating on the stock.

Our UK briefing paper at @Bitcoin Policy UK shows exactly how Bitcoin mining could do the same here. Flexible load can absorb excess renewable generation, reduce curtailment costs, and lower bills for households and businesses. https://img1.wsimg.com/blobby/go/aea8e937-fd18-400f-afd9-c3513112c757/downloads/d3850229-208c-4385-9b86-2e82fd55cc6c/UK%20Power%20Grid%20Bitcoin%20Mining%20as%20a%20Demand%20Side%20.pdf The UK energy crisis is not going away. It is time to stop ignoring solutions that are already working elsewhere. H/t to Progressive Bitcoin UK for today’s newspaper headlines.