I see no foolishness here, and we should weigh the situation carefully before passing judgment. It mustn't be Bitcoin all the time before countries can be progressive, and they have gained enough holding this stash for this long. Something must pay for the budget and government obligations, especially this time that the UK is now preparing for unplanned self-militarisation. This is actually free money. Besides, the UK still has investments all over, so what?
Then you don't understand Bitcoin's economics or the problems of the UK. This is complete foolishness and utter stupidity. Instead of fixing the government waste and inefficiency they are selling the best asset in existence. Do you know who was also not foolish? Bulgaria being stupid sold all of its BTC and took IMF loans afterwards. Instead they could have paid back their whole national debt if they had kept it.
https://cointelegraph.com/news/bulgaria-bitcoin-sale-could-have-erased-national-debt
Why are you so hostile against the UK? Looks like you live there, got sick of what you have seen and that’s why the hostility.
£7 may not solve the UK’s deficit problem completely but it is not peanuts either.
Maybe you feel disappointed because Trump is about to go yuge with bitcoin and the UK considers selling theirs.
Not the best timing without a doubt.
People don't learn anything anymore from history/ Read Bulgaria's story.