The UK may throw $4 billion into the bitcoin market to pay for the reforms of the new government. Bloomberg writes about this.
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Edition notes that the new head of the British Treasury, Rachel Reeves, may sell off more than 61 thousand BTC stored in government wallets to finance her economic plans.
Reeves said that she received one of the worst financial situations since World War II , and her goal of “rebuilding Britain and improving every corner of the country” will not be cheap, so the country’s BTC reserves are a very attractive source of funds.
Recall that Germany recently sold all of its bitcoins seized from a pirate site. The German government's sale of $3.5 billion worth of bitcoins caused significant pressure on the market and was one of the reasons for the decline in prices for cryptocurrencies.
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