The UK plans to sell Bitcoin, but experts warn of an economic error star-news.press/wp

According to the UK, the UK is thinking about selling some bitcoin’s seized possessions to help cover the installation budget deficit.

The move comes amid increasing pressure on the UK government to address the financial deficiency. If approved, the sale will get out of the emerging global trend of governments that build Bitcoin strategic reserves.

The UK is facing a violent reaction to the sale of a possible bitcoin

According to a reportThe UK Treasury and House is working closely with law enforcement agencies. It aims to explore the sale of approximately 5 billion pounds (6.7 billion dollars) of the confiscated digital assets.

The authorities are also considering developing a safe infrastructure to manage encryption assets to facilitate these sales.

This proposal is part of a broader financial strategy aimed at reducing the burden on Chancellor Rachel Reeves. Experts estimate that the UK faces a budget gap of about 20 billion pounds, which the government may try to bridge through asset sales and tax increases.

Meanwhile, the idea of liquidating bitcoin reserves has caused sharp criticism from the advocates of encryption and political figures.

Diaa Youssef, who leads the Doug Unit in the Islah party, issued a warning about the sale of the proposed bitcoin. He said he would hesitate to the controversial decision of former Prime Minister Gordon Brown to sell gold at the lowest levels of market in the early first decade of the twentieth century.

“The United Kingdom must implement the draft encryption in reform and increase its reserves I mentioned.

Deca Deca Souz, co -founder of Bitcoin Policy UK, criticized the report, describing it as “lazy and exciting”. She emphasized that the bitcoin situation, which is still under legal conflict, especially with the demands of the Chinese authorities and the victims who seek to recover.

“A lot of time before we repeat Gordon Brown’s destroyed decision to sell gold in the UK at the bottom. Let’s just hope that all this will not conclude in the bear market. When they sell, it will be typical if it ends below again,” Add.

According to Bitcoin Treasuries data, the United Kingdom currently owns 61,245 BTC, at a value of about $ 7.2 billion. Most BTC was confiscated in 2024, when the estimated value of about 1.4 billion pounds.

If the UK continues in its proposed sales, it will follow Germany’s recent example of liquidating the large bitcoin reserves.

Moreover, this approach will also contradict the increasing number of countries that are actively accumulating digital assets for strategic purposes.