Richard Frost

Here is the uncomfortable truth: The British political class is years behind when it comes to Bitcoin and digital assets. We are asleep at the wheel. Too many people in Westminster are happy to dismiss it with throwaway lines about “Ponzi schemes” without having spent even a few hours/days understanding what it actually is. Bitcoin didn’t appear in a vacuum. It is the latest chapter in a very long story, the evolution of money itself. From gold, to paper backed by gold, to purely fiat currencies controlled by central banks. Anyone who has seriously studied that history can see why a decentralised monetary network with a fixed supply was inevitable. That doesn’t mean every crypto project has merit. Far from it. But confusing Bitcoin with the worst excesses of the crypto industry simply reveals a lack of understanding and full transparency, this was once my view also before I took the time to learn. Britain should be leading the conversation about the future of money and financial infrastructure. Instead, far too many of our decision-makers are still trying to understand the last one. Bitcoin is the future.

TRUMP’S FED PICK WARNS THE FED MAY BE BEHIND THE CURVE Kevin Warsh says the U.S. may be entering a transformational economic moment driven by AI. He argues artificial intelligence could unleash a major productivity boom, lowering the cost of goods and services across the economy. In his view, what we call “AI” today may simply become normal business operations within a few years. Warsh’s concern is that the Federal Reserve may not fully recognize the shift. If policymakers rely on older economic models, they could interpret strong growth as inflationary even if productivity gains are actually pushing prices lower. If that happens, the Fed risks tightening policy just as the economy is entering a new phase of technology-driven growth.