🔥 JUST IN: UK to Sell $5B in Bitcoin? Hidden Reason Behind $BTC Drop?
Massive news out of the UK — British Chancellor Rachel Reeves is allegedly planning to sell off £5 billion ($6.4B) in seized Bitcoin assets to help close a public finance gap.
The government, alongside police forces, is rushing to create a “crypto custody & sales framework” to manage and liquidate these assets — a move that could shake the markets.
🚨 In 2018, UK police seized 61,000 BTC linked to a Chinese pyramid scheme — worth just £270M back then. With BTC recently touching $123K, those coins are now worth over £5.4B!
💸 Economists warn the UK needs £20B in fresh funding this autumn — crypto sales may be one fast way to raise cash.
Meanwhile, in the US 🇺🇸, Trump’s pro-Bitcoin policies and the new GENIUS Act have sparked fresh bullish momentum — even hinting at a national BTC reserve.
But in the UK? Reform UK’s Nigel Farage supports a similar Bitcoin reserve plan — yet Labour is rejecting it due to "volatility risks."
⚠️ Is this sudden supply pressure the reason behind Bitcoin’s recent pullback?
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