UK Plans £5B Bitcoin Fire Sale to Plug Budget Black Hole—Crypto to the Rescue?
The British government is eyeing a massive Bitcoin liquidation—potentially netting £5 billion—as it scrambles to stabilize its finances. Talk about a Hail Mary play.
Bitcoin as a budget band-aid
With Treasury coffers running dry, officials are reportedly considering dumping state-held BTC holdings. The move would mark one of the largest sovereign crypto disposals in history—and a stark admission that digital assets now sit squarely in mainstream finance.
Market tremors ahead?
While £5B represents just 0.1% of Bitcoin's total market cap, the sale could still rattle markets. The UK's timing—as always with government moves—will be everything. Watch for the classic 'buy the rumor, sell the news' dance.
Funny how politicians suddenly love crypto when they need quick cash. Where was this enthusiasm during the last bull run?