U.K. Member of Parliament Rupert Lowe has expressed openness to learning about Bitcoin, admits he holds XRP.
Lowe expressed this sentiment while speaking with Bitcoin maxi Peter McCormack on an episode of the latter’s eponymous podcast, which was released on Wednesday, February 5.
When McCormack pressed Lowe about Bitcoin and its value proposition to energy efficiency, Lowe asserted that he was no crypto expert but contended that he saw “the logic of having disciplined currency.”
After further discussions, the British MP urged McCormack to come and share his knowledge about it with the Reform party, adding, “I am in favor of it,” when the show host highlighted that Bitcoin was a Libertarian idea.
Can The Reform Party win the next election and save Britain? My interview with @RupertLowe10 is now available to watch in full, here on X.
Other places to watch / listen – https://t.co/TSnr1chFZm
Timestamps:
00:00 – Introduction
00:41 – UK Politics is Broken
02:22 – Football &… pic.twitter.com/F1OGP0ICSW— Peter McCormack 🏴☠️🇬🇧🇮🇪 (@PeterMcCormack) February 7, 2025
But this was not before Lowe talked about his experience trying to learn about crypto. The MP admitted to looking into it and buying about £9,300 (~$11,600) worth of XRP on Revolut, arguing that it appeared well structured to enable bank transfers. He further disclosed that the XRP stash was now worth about £33,000 (~$41,100).
Unsurprisingly, McCormack was quick to convince Lowe against investing in XRP, accusing it and every other crypto except Bitcoin of being a scam. This is a common stance of Bitcoin maxis that has often fueled divisions in the industry.
A Kindred Spirit?
Lowe’s appearance on McCormack’s podcast follows his push to end quantitative easing in the U.K.
Quantitative easing is the process by which central banks try to stimulate the economy when other tools like low interest rates fail. It typically involves printing new money to inject liquidity into the economy through asset purchases.
This intervention aided relief during events like the 2008 financial crisis and COVID-19.
According to Lowe, however, quantitative easing comes at too great a cost: the debasement of the currency. The MP has argued that it removes financial accountability from the government and is unfair to citizens.
Interestingly, this view is widely shared by most core Bitcoin proponents, who tout the digital asset’s programmed and limited supply as the only alternative and safe haven.
