British crypto news recently saw positive developments after regulators upended a crypto ban that was in place since 2019. The uplifted ban could pave the way for more demand for Bitcoin and altcoins from the European market.
Recent reports revealed that the UK finally uplifted the ban, finally making it legal for retail investors to invest in cryptocurrencies. The uplifted ban may also set the pace for the rapid adoption Bitcoin ETFs in the European market.
The ban which was implemented by the UK’s Financial Conduct Authority (FCA) in 2019 prevented the sale of debt instruments called ETNs to retail traders.
The ETNs would have provided legal exposure to crypto assets such as Ethereum and Bitcoin through regulated exchanges.
The lifted ban is expected to allow the UK to join the race for crypto dominance as countries accelerate their crypto adoption. The UK has recently been expressing interest in becoming a crypto hub.
Trump Media, a company linked to President Trump, has been pushing towards creating a Bitcoin treasury.
The company has reportedly achieved a major milestone courtesy of its latest S3 filing, through which it registered up to $12 billion in securities.
According to the filing, the filing will allow the company to raise the funds and use about $2.5 billion to purchase Bitcoin. The move marked another pivotal moment for the cryptocurrency.
This means Trump Media could contribute to the surging demand for Bitcoin from the institutional class of holders if the filing receives regulatory greenlight.
This also comes on the heels of the accelerating rush to accumulate Bitcoin as evident by rising interest from institutions and countries.
This development also arrived on the heels of a public row between President Trump and Tesla founder Elon Musk.
The tech billionaire recently criticized the U.S government over aggressively rising debt which he noted that it was rising to dangerous levels.
The U.S debt situation and rising interest payments are among the reasons why many investors have been embracing Bitcoin as a healthy alternative.
Michael Saylor Gets More Bullish and is Still Confident of $13 Million Prediction
In recent Bitcoin news, Michael Saylor emphasized in an interview on a prediction that he made about Bitcoin in July 2024.
The BTC evangelist noted that about $50 million worth of liquidity was being pumped into the cryptocurrency every day, which was equivalent to about 450 BTC sold every day on average.
The Strategy chair acknowledged his prediction that BTC would soar to $13 million by 2045. He noted more confidence in his prediction based on the observation that more Bitcoin treasury companies have been aggressively absorbing more BTC.
Saylor noted that he expects Bitcoin to rally by about 29% annually for the next 20 years. Statement that institutions were aggressively buying BTC was directly in line with recent market data.
The amount of Bitcoin flowing out of exchanges appeared to have accelerated since the start of June. BTC exchange reserves dropped from 2.43 million coins on 31 May to 2.36 million coins as of 6 June.
The recent wave of positive news allowed BTC to stay above $100,000. It was on track to complete 4 weeks above that critical price point, highlighting the robust confidence levels in the market.
It was also not surprising to see the growing rush towards Bitcoin. Investors especially in the institutional segment have been growing weary about the U.S dollar’s future especially with the country’s runaway debt.
The situation has been highlighting cracks in the system which may explain the rush for an alternative and more stable kind of money.
Source: https://www.thecoinrepublic.com/2025/06/07/crypto-news-uk-may-push-crypto-trump-takes-btc-treasury-efforts-forward/