Britain’s $5bn Bitcoin stash ready to be unleashed: Merryn Somerset Webb

Rachel Reeves, the UK's new Chancellor of the Exchequer, faces daunting challenges. To rebuild Britain, she may tap into the country's significant Bitcoin holdings, which could provide much-needed funds without raising taxes. However, she must avoid the pitfalls of past asset sales, like Gordon Brown's infamous gold sell-off. Smartly managing these digital assets, while navigating crypto regulations, will be crucial for Reeves' financial strategy and legacy.

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By Merryn Somerset Webb

Rachel Reeves is going to need some money. The UK's new Chancellor of the Exchequer has inherited, she says, one of the worst sets of circumstances since World War II. Meeting her goal to "rebuild Britain and make every part of our country better off" won't be cheap. But there's a pile of cash conveniently available that won't involve raising taxes — Britain's Bitcoin holdings. 

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