U.K. politician doubles down on Bitcoin despite anti-crypto stance of BOE governor

Despite Bitcoin trading far below its previous all-time high of $20,000, there are more prominent investors, celebrities, and politicians adopting the cryptocurrency than ever before.

Godfrey Bloom, a U.K. politician, embraces Bitcoin.

This past week, Godfrey Bloom, a British politician who served as a Member of the European Parliament for 10 years, announced his support for Bitcoin.

"Bloom, responding to a comment from a cryptocurrency investor about the relevance of Bitcoin, said that he made his"first purchases of bitcoin this week.

Bloom's growing taste for Bitcoin comes in spite of an anti-crypto stance espoused by the Bank of England governor.

Rew Bailey, the governor of the U.K. central bank, told the BBC in 2017:."It's not a currency, it's actually not regulated in its bitcoin form. It's a very volatile commodity in terms of its pricing. If you look at what has happened this year, I would caution people. If you want to invest in bitcoin be prepared to lose your money - that would be my serious warning."

Bloom is one of many notable individuals to have recently embraced Bitcoin as a potential hedge against macroeconomic trends.

MicroStrategy, an American business services company, accepted Bitcoin in August by deploying some of its cash treasury into the leading cryptocurrency.

Saylor, like many other Bitcoin maximalists, think the cryptocurrency is an extremely viable store of value in a world where fiat currencies are being debased.

Months prior to Saylor's entrance into the Bitcoin space, billionaire hedge fund investor Paul Tudor Jones embraced Bitcoin in a note shared with his clients.