Any new idea automatically faces the opposition of the establishment, said former Member of the European Parliament, Nigel Farage, on a panel at Bitcoin Amsterdam on Thursday.

That argument served as the introduction to Farage's point throughout the conversation, as he drew parallels between Bitcoin and his experience pushing the then-unpopular idea of Brexit, the exit of the U.K. from the European Union.

??"I led a political insurgency, I took on the establishment," Farage recounted.

"What I think is happening with Bitcoin is we're seeing a similar type of insurgency, an economic insurgency that is being driven and led by people who are worried about the sheer size and scale of big government."

The subject was ignited by fellow panelist and "What Bitcoin Did" podcast host Peter McCormack's initial question. "What are you doing at a Bitcoin conference?"

Farage concluded that because of the links between his past experience and the Bitcoin movement today, it was "a perfect and natural place to be."

The politician expanded on his argument, detailing more of his views of the establishment and why it can be difficult to challenge it.

Those who are part of and maintain the establishment, he argued, "own and set the status quo, they are very comfortable… and they don't want anything to come along and disrupt."

"And I think Bitcoin is seeing that."