According to Michael Saylor, the Bank of England is reportedly on the brink of considering Bitcoin as a reserve asset, signaling a potential major shift in institutional adoption of cryptocurrency (source: Michael Saylor Twitter, May 30, 2025). This development could increase Bitcoin’s legitimacy among traditional financial institutions, potentially driving increased institutional demand and impacting crypto market liquidity. Traders should monitor official statements from the Bank of England for confirmation, as central bank adoption could trigger significant volatility and upward momentum in Bitcoin and related assets.

According to Crypto Rover, a UK Prime Minister candidate announced on May 30, 2025, that he intends to require the Bank of England to hold Bitcoin, signaling a potentially transformative step for institutional crypto adoption in the UK (source: Crypto Rover on Twitter). This policy proposal could drive increased investor interest in Bitcoin and related digital assets, foster bullish sentiment in the broader cryptocurrency market, and prompt other central banks to consider similar moves. Traders should monitor UK political developments closely, as implementation could trigger significant inflows and heightened volatility across major crypto pairs.