UK Considers $7.1 Billion Bitcoin Sale – What It Means for Crypto

by Ouess

The Bitcoin market could face turbulence as reports reveal the UK government may sell its massive 61,245 BTC holdings – worth $7.1 billion – to help fill budget gaps.

Why the UK Wants to Sell Bitcoin

  • Acquired through 2018 seizure of a Chinese Ponzi scheme
  • Plans to create a government crypto storage system for sales
  • Would be third-largest national BTC sale after US & China

Potential Market Impact

History suggests caution:
⚠️ Germany’s 50K BTC sale last year dropped prices 16% ($66K → $55.8K)
⚠️ Similar sell pressure could hit BTC’s current $118K level

But this time might be different:
✅ Strong corporate & ETF demand could absorb sales
✅ Bitcoin’s liquidity depth has improved significantly

The Bigger Debate: Should Governments Hold BTC?

While the UK considers selling:
🟢 US is building a Strategic Bitcoin Reserve
🟢 Nigel Farage (Reform Party) wants UK to hold BTC as reserve

As Binance’s CZ noted:

https://twitter.com/cz_binance/status/1945491587087425945?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1945491587087425945%7Ctwgr%5E64a1af4c3f6ed040eafeb370307ae2b4dce16e5e%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcoingape.com%2Fcan-bitcoin-solve-debt-crisis-bulgarias-213k-btc-sale-in-2018-now-equals-79-of-national-debt%2F

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