UK Treasury said there is “no plan” to introduce US-style Bitcoin reserves

March 10, 2025 at 10:35PM

The UK Treasury said there is “no plan” to introduce US-style Bitcoin reserves:

UK Treasury deems the cryptocurrency’s volatility to be unsuitable for the UK

“Bitcoin and other crypto assets have been historically volatile assets relative to stable fiat currencies like the US dollar and commodities, such as gold.”

“This volatility makes BTC less suitable as a reserve asset for the UK.”

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Well, OK then. But … the greeting that the announcement of the US Bitcoin ‘Reserve’ got was that it was a steaming pile of garbage. It didn’t live up to what was promised. It’s a stockpile not a reserve.

Bitcoin smashed lower after Trump reversal on Bitcoin reserve – its just a stockpile

Bitcoin falls below $83,000 as US bitcoin reserve news disappoints

Seems reason enough for the UK to reject this “US-style” Bitcoin reserve.

BTC update, its taken a beating since January 20:

Info on the UK Treasury comes via various sources, ICYMI.

This article was written by Eamonn Sheridan at www.forexlive.com.