🪙 The UK Ministry of Finance has rejected the proposal to add $BTC to the state reserves.
They wanted to follow the path of El Salvador, where Bitcoin became part of the hedging strategy and 'fuel' for the future. But... they decided otherwise.
❗️ Why was it rejected?
🔻 Bitcoin is too volatile.
🔻 There is no clear regulation for safe storage.
🔻 The focus is on traditional, 'stable' instruments like government bonds and gold.
📉 A 'missed opportunity', especially against the backdrop of record inflows into Bitcoin ETFs, interest from BlackRock, and new highs.
While some countries are accumulating crypto assets, others continue to watch from the sidelines.
Bitcoin has already become an institutional-grade asset, and ignoring this is becoming increasingly difficult.