Former Member of the European Parliament Godfrey Bloom is buying his first bitcoin. The British politician is popular for numerous controversial views, like calling the whole banking system a scam and the state an institution of theft.
Godfrey Bloom is a British politician and was a Member of the European Parliament (MEP) for Yorkshire and the Humber from 2004 to 2014.
The former MEP is well known for his unconventional views, including calling the state an institution of theft and saying that the politicians and central bankers created the debt crisis. He said that the entire banking system is a scam, as is global warming. He has been referred to by some as the “British Ron Paul.”
Bloom tweeted on Thursday that he has bought his first bitcoin. “I make my first purchases of bitcoin this week. Gold & silver have I plenty,” he wrote in response to a tweet that says: “If you asked people if they’d prefer $800 or 800 bitcoin a lot of them would pick the dollars. We’re still early.”
With an overwhelming number of responses from the crypto community, the former MEP followed up with another tweet on Friday. “I have had a very significant response to my bitcoin tweet. So an update. I am revising bitcoin over the weekend to know enough to understand what I don’t know. It is my goal to share my experience with fellow oldies keen to diversify out of fiat currencies.”
Besides telling Parliament members that they did not understand the concept of banking, he said bankers, central bankers, and politicians should be sent to prison because they steal from taxpayers.
It was not the first time Bloom talked about bitcoin. “I am not anti bitcoin. Just an old geezer more comfortable with gold,” he responded to a tweet trying to get into bitcoin in May. Bloom has long been a gold investor. “I have been buying gold since Gordon Brown was selling it at around $250 per ounce in the 90s. I have accumulated it & stored it in a London safety deposit box. Every now & then I sell a bit at $1550 per ounce,” he shared in September last year.
Since Bloom previously said that he was not comfortable with bitcoin, some think that he changed his mind buying first bitcoins this week when he started buying BTC for the first time. However, the British politician clarified that he bought the cryptocurrency to diversity his investments. “Don’t mistake portfolio diversification with changing my mind about anything,” he affirmed. Moreover, he indicated in response to another tweet that he will not ignore Ethereum and decentralized finance (Defi) in his research.