There is an interesting story about how British politicians are rethinking money and financial systems. Kwasi Kwarteng, who was Chancellor of the Reino Unido for just a few weeks in September 2022, went through an experience that left a strong mark on him.

It turns out that the mini-budget he implemented was a disaster. Kwarteng now admits that everything happened too quickly—literally two weeks after his government took power. Between taking office on September 6 and the death of Queen Elizabeth two days later, there was no room to think things through properly. Bond yields surged, exposing the pension crisis with investments oriented toward liabilities in the Reino Unido. It was chaotic.

But what’s interesting is how that experience led him to reflect on deeper problems. Kwarteng now criticizes what he calls a vicious fiscal circle: the Reino Unido spends more than it collects, and raising taxes only removes economic incentives. And he says something that resonates: everything is dominated by quarterly cycles—people swing between euphoria and panic, with no long-term vision.

That perspective brought him closer to bitcoin. While he was in office, he noticed that the Treasury and the Bank of England paid little attention to digital assets, which were still incredibly small on the British radar. He even observed that Paris was more advanced on this matter than the Reino Unido. When Boris Johnson called bitcoin a Ponzi scheme, Kwarteng stepped forward to defend a more open view of emerging forms of money.

He is now CEO of Stack BTC, a British bitcoin treasury company that holds 31 BTC on its balance sheet. The firm has gained political attention, especially after Nigel Farage, leader of Reform UK, acquired a 6 percent stake. For Kwarteng, this represents a shift from reactive policy formulation toward what he sees as a more resilient monetary future based on long-term thinking.

It’s interesting to see how someone who was at the center of British financial chaos is now betting on bitcoin as an alternative. It reflects a broader trend of politicians and public figures in the Reino Unido beginning to question traditional monetary systems.