I just saw something interesting that probably many overlooked. Kwasi Kwarteng, the former UK Chancellor who had that brief stint in office a few years ago, is now fully involved in the world of Bitcoin and is speaking quite openly about why we need alternatives to traditional monetary systems.

For those who don’t remember, Kwarteng was Chancellor for just a few weeks in September 2022, right in the middle of significant political chaos. In a recent interview, he was quite frank, admitting that the mini-budget was a disaster in terms of timing. Literally two weeks after taking office, with no room to coordinate properly. The consequences were brutal: bond yields skyrocketed, and the UK’s LDI pension crisis came to light.

But what’s interesting is how he now reflects on all this. He says that the UK is trapped in a vicious fiscal cycle where you spend more than you collect in taxes, and that raising taxes only kills economic incentives. He also criticizes the short-termism that dominates everything: quarterly results, euphoric or panicked people, no one thinking long-term.

And here is where Bitcoin enters his thinking. He notes that while the Treasury and the Bank of England are aware of Bitcoin and digital assets, they remain incredibly small on the UK’s radar. He even criticizes the gap with Europe, where Paris is moving much faster on these issues. He also rejected Boris Johnson’s criticism when he called Bitcoin a Ponzi scheme, arguing for a more open view toward new forms of money.

He is now the CEO of Stack BTC, a British Bitcoin treasury firm. The company holds 31 BTC on its balance sheet and is gaining interesting political traction, including a 6% stake in a major UK politician. For Kwarteng, this represents the shift from reactive policies to a more resilient monetary future based on long-term thinking.

What catches my attention is that this isn’t just a politician chasing crypto trends. It’s someone who has held positions of power, seen how traditional systems fail under pressure, and is now acting based on that conviction. Bitcoin’s price hovers around $80.95k at the moment, and stories like this show that adoption in political and financial circles continues to advance, even if slowly. It’s worth paying attention to how this evolves in the UK and Europe in general.