#BTCvsETH 📉 Britain wants to sell BTC worth 5 billion pounds to patch the budget hole

In 2018, 61,000 BTC were seized in London from a figure involved in a Chinese pyramid scheme. Back then, they were worth 300 million, now — 5.4 billion.

Finance Minister Rachel Reeves is considering the idea of a fire sale to cover the budget deficit, just as Gordon Brown once sold British gold at the market bottom.

Critics are already comparing this to the same debacle of 1999.

But in the face of high inflation, the government needs money. And bitcoin is the "oil underfoot" that they are looking to monetize right now.