List of Flash News about UK Chancellor
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2025-07-16 20:19 |
UK Chancellor Could 'Gordon Brown' Bitcoin (BTC), Triggering a Price Crash, Warns BitMEX Research
According to BitMEX Research, the UK Chancellor of the Exchequer may be considering a large-scale sale of Bitcoin (BTC) in a manner reminiscent of former Prime Minister Gordon Brown's sale of UK gold reserves. This historical reference alludes to the sale of gold at multi-decade lows between 1999 and 2002, which is now widely seen as a poor financial decision. For traders, this tweet suggests a significant potential downside risk for Bitcoin's price, as a government-level sell-off could flood the market and depress values, creating a major bearish catalyst. |