UK Treasury Shoots Down Bitcoin Reserve Plans—Calls Crypto ’Market Unfriendly’

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2025-05-06 15:29:14

UK Won’t Establish Bitcoin Reserve, Treasury Secretary Says It’s “Not Good for the Market”

Britain’s finance chief just threw cold water on any hopes for a national Bitcoin stash. The Treasury Secretary dismissed the idea as economically reckless—another win for bureaucratic risk aversion.

Key takeaway: While crypto bulls push for institutional adoption, traditional finance gatekeepers still see digital assets as volatile toys. The UK’s stance? ’Thanks, but no thanks’—preferring the safety of fiat quicksand over Bitcoin’s hard rails.

One cynical footnote: At least they’re consistent—this is the same government that still can’t define ’stablecoin’ without a 50-page consultation paper.

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