- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
UK Rules Out Bitcoin Reserve, Citing Market Concerns
By: altcoinbuzz io|2025/05/07 20:15:02
0
Share
This week, Economic Secretary to the Treasury Emma Reynolds made it clear that the UK government has no plans to hold Bitcoin. She stated it’s “not appropriate for our market.The comment, made during a Treasury committee hearing, puts a firm pin in speculation around the UK potentially following in the footsteps of El Salvador. It also puts an end to discussions about U.S. politicians advocating for a strategic Bitcoin reserve.Why Bitcoin Reserves Are Gaining Interest GloballyThe idea of a country holding Bitcoin may have sounded outlandish a few years ago, but that narrative is evolving. El Salvador was the first to adopt Bitcoin as legal tender in 2021 and has since added BTC to its national treasury. More recently, reports indicate that the U.S. government holds a significant amount of Bitcoin—seized assets from criminal cases, now stored rather than sold off immediately.Advocates argue that Bitcoin reserves could act as a hedge against inflation, currency debasement, or geopolitical risk. Michael Saylor, Executive Chairman of MicroStrategy and a vocal Bitcoin bull, has championed the idea of governments adopting Bitcoin as a strategic asset. Some U.S. states have even passed legislation that allows Bitcoin to be held on state balance sheets.NEW: UK Economic Secretary for the Treasury Emma Reynolds rules out a national Bitcoin reserve.“We don’t think that’s appropriate for our market.” pic.twitter.com/o3p4PqY4H8— Bitcoin News (@BitcoinNewsCom) May 6, 2025In contrast, the UK appears to be drawing a clear line between supporting blockchain innovation and embracing crypto assets at the state level. The Treasury’s decision reflects broader concerns over Bitcoin’s price volatility, environmental impact, and regulatory uncertainty.More About Bitcoin ReserveA Taiwanese lawmaker has officially urged the government to consider creating a strategic Bitcoin reserve, marking a bold step in the region’s approach to digital assets. The proposal, made by Congressman Jason Hsu, highlights the growing importance of Bitcoin in global finance and national security. Hsu argues that Bitcoin could serve as a modern hedge against inflation, financial instability, and geopolitical risk. TAIWAN JUST URGED TO CREATE A STRATEGIC #BITCOIN RESERVE BY A CONGRESSMANIT’S HAPPENING!!! pic.twitter.com/x7sQudTRgQ— Vivek (@Vivek4real_) May 7, 2025As central banks worldwide explore digital currencies and the U.S. edges closer to broader crypto adoption, Taiwan’s move signals a shift in thinking. While no formal action has been taken yet, the suggestion has sparked fresh debate about Bitcoin’s role in national reserves and its potential to strengthen Taiwan’s economic resilience.DisclaimerThe information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.The post UK Rules Out Bitcoin Reserve, Citing Market Concerns appeared first on Altcoin Buzz.
You may also like
Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?
When a physical industry company injects physical assets into a Layer 1 project, it can easily create a valuation of 950 million dollars by calculating several times the value of the physical assets. Is this kind of capital game too outrageous? Does the crypto market really need such RWAs?
a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.
Why did the star Web3 project Across Protocol choose to abandon DAO?
The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.
In fact, ETH scaling is a major benefit for L2
ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.
Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.
The Cryptographic Past of the Middle East
Reality is often more exciting than fiction.
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.
On the eve of the explosion of on-chain options
Options are becoming a new anchor in the cryptocurrency market.
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
A skilled person never picks the table, they eat meat with every bite.
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.
Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?
When a physical industry company injects physical assets into a Layer 1 project, it can easily create a valuation of 950 million dollars by calculating several times the value of the physical assets. Is this kind of capital game too outrageous? Does the crypto market really need such RWAs?
a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.
Why did the star Web3 project Across Protocol choose to abandon DAO?
The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.
In fact, ETH scaling is a major benefit for L2
ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.
Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
App