Chancellor Rachel Reeves faces criticism over a potential sale of the UK's seized Bitcoin holdings, valued at over £5 billion, to address a £20 billion fiscal gap. Experts warn that a hasty disposal could mirror the 1990s gold sell-off by the government. As Bitcoin approaches historic highs and gains credibility among institutional investors, selling the seized assets now may signal mixed priorities, especially as the UK aims to position itself as a global fintech leader. A sale could be seen as contradictory to advocating crypto as a strategic reserve.
Turning these assets into instant cash is tempting, but it risks repeating historical errors. They sold gold in a dip, only to regret it years later. We risk replaying that error with Bitcoin.
If countries like the US, the world's largest economy, are seriously weighing Bitcoin as a reserve, why would the UK liquidate instead?
If we advocate crypto as strategic, then hastily disposing of seized Bitcoin is hypocritical-and harmful.
Bitcoin recently surged past $118,000-just shy of its all-time high-and its rising profile among institutional investors has bolstered arguments that the digital asset should be treated less as a speculative play and more as a long-term strategic reserve.
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