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Scraped on 23/07/2025, 19:39:21 UTC
Quote from: Free Market Capitalist on July 22, 2025, 05:51:55 AM
In the fucking shithole that the UK has become in the last decade, with progressive impoverishment of society, massive immigration, a two-tier justice system or expulsion of talent and wealth, we only needed the icing on the cake.

The UK Home Office is preparing to sell a massive stockpile of bitcoin seized from criminals, potentially netting the Treasury billions to address budget pressures, The Telegraph reported this weekend.

As if £7 billion is going to solve anything within a deficit of £164 billion. Let's see if it becomes a third world country for once, since they are working so hard for it.

Well, I think there might be laws in place on what the government must or must not do with assets that have been seized from criminals. I doubt they can willy nilly decide to simply hodl in hopes of speculation gains. Personally, I am ok with this. The Bitcoin goes back to the people and the price will go down, which means cheaper Bitcoin available to buy. Although considering the amount being sold off, I doubt it will have any kind of significant price impact.

Original archived Re: UK government fools will sell the bitcoin
Scraped on 23/07/2025, 19:34:58 UTC
Quote from: Free Market Capitalist on July 22, 2025, 05:51:55 AM
In the fucking shithole that the UK has become in the last decade, with progressive impoverishment of society, massive immigration, a two-tier justice system or expulsion of talent and wealth, we only needed the icing on the cake.

The UK Home Office is preparing to sell a massive stockpile of bitcoin seized from criminals, potentially netting the Treasury billions to address budget pressures, The Telegraph reported this weekend.

As if £7 billion is going to solve anything within a deficit of £164 billion. Let's see if it becomes a third world country for once, since they are working so hard for it.

Well, I think there might be laws in place on what the government must or must not do with assets that have been seized from criminals. I doubt they can willy nilly decide to simply hodl in hopes of speculation gains. Personally, I am ok with this. The Bitcoin goes back to the people and the price will go down, which means cheaper Bitcoin available to buy. Although considering the amount being sold off, I doubt it will have any kind of significant price impact.