- It was reported that the UK government is considering the possibility of selling Bitcoin to resolve financial difficulties.
- Treasury Secretary Rachel Reeves stated that discussions with experts are ongoing to find the appropriate timing for the sale.
- Chris Etherington, a partner at RSM, emphasized the need for immediate sale due to Bitcoin's high volatility.
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- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
There is speculation that the UK government might sell approximately $6.3 billion worth of Bitcoin (BTC) it holds.
On the 29th, The Daily Hodl, citing local media Daily Mail, reported that the UK government might sell $6.27 billion worth of Bitcoin seized to resolve financial difficulties.
According to the Daily Mail, UK Treasury Secretary Rachel Reeves is reportedly instructed to find the right time to sell Bitcoin through discussions with experts.
Chris Etherington, a partner at RSM, stated, "Bitcoin is volatile and speculative," emphasizing, "There is a need to sell it immediately."
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