UK Treasury Snubs Bitcoin as Reserve Asset—But Bets Big on Blockchain for Sovereign Debt

While dismissing Bitcoin’s role as a treasury reserve, the UK doubles down on blockchain’s potential to revolutionize debt issuance. Classic finance—ignoring the store of value while chasing the ledger tech.

Behind the scenes: Officials quietly explore distributed ledger systems for gilts and bonds, hedging against crypto’s volatility while co-opting its infrastructure. The City’s latest ’have your cake and eat it’ moment.

Bottom line: Another case of institutions wanting the innovation without the ideology. But when the next debt crisis hits, don’t be surprised if they start eyeing that Bitcoin stash after all.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.