Coinpedia Fintech News - Speculation mounts that the UK might sell its £3.9 billion Bitcoin stash to fund economic plans, potentially causing market volatility similar to Germany's recent sell-off

in blockchain •  4 months ago 

https://coinpedia.org/news/will-uk-dump-bitcoin-following-germanys-move-another-btc-dip-coming-up/
Screenshot_20240726-194827_Brave.jpg

Germany's recent Bitcoin sell-off has sparked speculation that the UK might follow suit, as new Chancellor Rachael Reeves faces pressure to fund her economic plans using the government's substantial BTC holdings.

Selling the UK's £3.9 billion worth of Bitcoin could cause a market dip similar to Germany's, but Reeves might balance this against long-term consequences and consider relaxing crypto regulations instead.

Market analysts are watching closely, with Bitcoin currently recovering and trading around $66,340 amid ongoing volatility.

What do you think?

Screenshot_20211106-080453_DesignEvo.jpg

blockchain horror dump speculation uk sell billion bitcoin
4 months ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.30
  • Past Payouts $0.30
  • - Author $0.15
  • - Curators $0.15
44 votes
1
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  4 months ago 

    Upvoted! Thank you for supporting witness @jswit.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.28
    • Past Payouts $0.28
    • - Author $0.25
    • - Curators $0.03
    1 vote