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Former British Prime Minister Truss warns of economic weakness: Bitcoin can hedge against systemic risks and combat currency devaluation.

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PANews
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3 hours ago
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PANews April 18 news, according to CoinDesk, former British Prime Minister Truss stated that the UK economy is on a "very negative development trajectory," attributing the issues to currency devaluation and the lack of a "sound monetary system," while also expressing interest and support for Bitcoin.

Truss pointed out that long-term inflation and monetary expansion have weakened the value of the pound, stating that the related issues have not been adequately discussed in the government and academia, and have even become a "taboo topic." She believes that Bitcoin can serve as a tool to combat currency devaluation and excessive centralized control. She also criticized the current high taxes, strong regulation, and energy costs that suppress business vitality, stating that the UK is "rapidly becoming poorer." Regarding the "mini-budget" that triggered market turmoil during her term, Truss argued that the event exposed the potential vulnerabilities of the financial system, rather than the root cause of the problems.

After stepping down as Prime Minister of the UK, Truss is promoting activities including CPAC UK in an attempt to unite supporters of "sovereignty and freedom," emphasizing that the UK faces a choice of "either change or decline."

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