Fun

Former EU Parliament Member Godfrey Bloom Who Calls Banking System a Scam Bought His First Bitcoin

News Feed - 2020-10-05 04:10:31

Former EU Parliament Member Godfrey Bloom Who Calls Banking System a Scam Bought His First Bitcoin


Former Member of the European Parliament Godfrey Bloom has bought his first bitcoin. The British politician is famed for numerous controversial views, such as calling the entire banking system a scam and the state an institution of theft.Godfrey Bloom Now Owns Bitcoin


Godfrey Bloom is a British politician who served as a Member of the European Parliament (MEP) for Yorkshire and the Humber from 2004 to 2014. He was elected for the U.K. Independence Party but later served as an Independent. Bloom has also published six books on military history and the Austrian School of Economics.


The former MEP is well known for his unconventional views, including calling the state an institution of theft and saying that the debt crisis was created by politicians and central bankers. He even said that the whole banking system is a scam, as is global warming. He has been referred to by some as the “British Ron Paul.”


Bloom revealed in a tweet 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.”




At press time, Bloom has received 257 comments for his bitcoin buy tweet, which has been liked 2.7k times and retweeted 473 times.


With an overwhelming number of responses from the crypto community, the 70-year-old 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.”


Below is a video of Bloom informing the European Parliament back in 2013 why he thinks the whole banking system is a scam. 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 for stealing from taxpayers.






This week 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 urging him to try 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 insisted that he was not comfortable with bitcoin, some people assumed that he changed his mind this week when he started purchasing 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. Furthermore, he indicated in response to another tweet that he will not ignore Ethereum and decentralized finance (Defi) in his research.


What do you think about Godfrey Bloom buying bitcoin? Let us know in the comments section below.Stablecoin Supply Doubles in 3 Months as Combined Market Cap Surpasses $20BNEWS | 8 hours ago$8M Worth of "Sleeping" Bitcoin Rewards from 2010 Moved the Day Before "Black Thursday"NEWS | 23 hours agoTags in this storyGodfrey Bloom bitcoin, Godfrey Bloom btc, Godfrey Bloom crypto, Godfrey Bloom cryptocurrency, Godfrey Bloom gold


Image Credits: Shutterstock, Pixabay, Wiki Commons, TwitterUse Bitcoin and Bitcoin Cash to play online casino games here.Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Read disclaimerShow comments

News Feed

Tom Blackstone4 hours agoFTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hoursAccording to Spot On Chain data, the firms sent $10 million worth of crypto to a single wallet address, which th
China’s Central Bank Adds More Digital Yuan Pilot Cities
China"s Central Bank Adds More Digital Yuan Pilot Cities China’s central bank, the People’s Bank of China, has added more cities to test its digital currency. Accordi
William Suberg1 hour agoBitcoin analysis agrees BTC price may stall at $35KBTC price will have trouble breaking above $35,000, various analysts warn, as major resistance appears on Binance.699 Total viewsListen to articl
Travel Rule Implementation Still Far Off Due to Tech Limitations, Australian Regulator Reports
Travel Rule Implementation Still Far Off Due to Tech Limitations, Australian Regulator Reports The Australian Department of Home Affairs stated that the country lacked the technica
US deputy treasury secretary calls for additional tools to sanction crypto firms
Turner Wright3 hours agoUS deputy treasury secretary calls for additional tools to sanction crypto firmsWally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in ca
Russia’s Interior Ministry Employs Tool to Identify Crypto Wallet Owners, Track Transactions
Russia’s Interior Ministry Employs Tool to Identify Crypto Wallet Owners, Track Transactions The Russian Ministry of Internal Affairs is now using a digital tool allowing officer
Crypto for Congress: Bitcoin Sent to All Congress Members’ Campaigns
Crypto for Congress: Bitcoin Sent to All Congress Members" CampaignsThe Crypto for Congress initiative has launched. All members of Congress will be given bitcoin as campaign contri
Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims
Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims Following Voyager Digital’s application for bankruptcy protection during the first week of
Bitcoin Car Finishes First in Virtual NASCAR Race Beating National Champion Kyle Busch
Bitcoin Car Finishes First in Virtual NASCAR Race Beating National Champion Kyle Busch A bitcoin-themed car has won an e-NASCAR race, beating professional Cup Series racers, includi
Former Fed Nominee Stephen Moore Backs Fractional Reserve Stablecoin
Stephen Moore, who backed out from a nomination to the Federal Reserve Board of Governors, is now trying to upend central banks. On Monday, the economist announced his involvement w
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming Michael Burry, a hedge fund manager renowned for predicting the 2008 financial cris
FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming
FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some cryp