The UK government considers selling $7.1 billion in BTC reserves. where will the edge Bitcoin go?

00:00 - The British government considers selling $7.1 billion in BTC reserves, where will the edge Bitcoin go? 02:30 - The British government plans to auction 61,000 Bitcoins to save the finances! Will the tragedy of gold selling in 1999 be repeated? 07:33 - UK Set to Sell Seized Bitcoin Worth $7 Billion! Crypto Week Recap 1. The UK government considers selling $7.1 billion in BTC reserves, where will the edge Bitcoin go? The UK government may begin selling more than £5.4 billion ($7.1 billion) of Bitcoin reserves, which are funded from assets seized in the fight against China's Ponzi scam. This will have a significant impact on the UK economy, especially in the current financial woes. The video analyzes in detail the impact of this decision on the market, policy and the future of cryptocurrencies. 2. The British government plans to auction 61,000 Bitcoins to save the finances! Will the tragedy of gold selling in 1999 be repeated? British Finance Minister Rachel Reeves plans to liquidate $7.2 billion worth of Bitcoin confiscation to fill the fiscal gap. This batch of crypto assets originated from the international money laundering case in 2024, and its value has increased by 5 times. However, three major challenges are faced: 1️⃣ Legal dispute: Chinese victims have filed a request for return, and the High Court needs to rule that assets are attributable 2️⃣ Technical difficulties: Bidding case is blocked, no trading platform that meets safety standards has been found 3️⃣ Market risk: One-time selling may repeat the history of the UK selling gold in 1999 missed gains. Germany's selling of 50,000 BTC is a lesson in the sales of 50,000 BTC, Schwab Financial is about to open up BTC spot trading and other related issues will also be analyzed. How can cryptocurrencies gradually be embedded in the fiscal system of sovereign states? This time the UK case will become a global reference template! 3. UK Set to Sell Seized Bitcoin Worth $7 Billion! Crypto Week Recap In today's video, we discuss the latest developments in the cryptocurrency world including: 1. The UK's plan to sell seized Bitcoin to fill a fiscal gap, worth up to $7 billion. 2. Analysis of on-chain addresses hoarding significant amounts of ETH this week – about $1.4 billion! 3. Updates on CoinDCX's recent $44.2 million theft and other regulatory news from across the globe. 4. How the macroeconomic outlook is shaping up with key events in cryptocurrency and finance next week. Join us as we break down these stories and what they mean for the crypto market!