BREAKING: UK Government May Sell £5 Billion in Seized Bitcoin
Chancellor Rachel Reeves is reportedly considering selling over £5 billion worth of seized Bitcoin (BTC) to help reduce the UK’s growing budget deficit.
Here’s what’s happening:
▪️ The Bitcoin was confiscated during criminal investigations, including a major Ponzi scheme case.
▪️ This could become one of the largest government crypto sell-offs ever.
▪️ The funds may be used to support public spending and economic recovery.
If sold, it could affect Bitcoin’s market price and set a major precedent for how governments treat crypto assets in the future.