Summary
- Peter Schiff stated that the UK government's consideration of selling seized virtual assets could be a wise decision.
- He noted that the proceeds from the sale could greatly help to cover the budget deficit.
- The UK government announced that it is working on the sale of 61,000 BTC, approximately £5.4 billion worth of Bitcoin.
Peter Schiff, a Bitcoin critic and economist, stated that the UK government's sale of seized virtual assets (cryptocurrency) could be a wise choice.
On the 21st (local time), Peter Schiff said through X (formerly Twitter), "The UK is considering a plan to sell approximately £5 billion worth of seized Bitcoin (BTC)," adding, "This may be a wise decision by the UK government." He further commented, "The proceeds will greatly help cover the budget deficit."
He also mentioned, "The founder of Michael Saylor's Strategy may purchase this quantity," while adding, "It would be best if the US government does not stockpile Bitcoin."
Meanwhile, it is reported that the UK government is pushing to sell Bitcoin that was confiscated in a 2018 Ponzi scheme crackdown. The amount involved is 61,000 BTC, valued at approximately £5.4 billion (about $7.3 billion).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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