Former UK Prime Minister Liz Truss Backs Bitcoin as Hedge Against Currency Debasement

Liz Truss served as UK prime minister from September to October 2022, when her tax-cut plan triggered turmoil in sterling and government bond markets. She now links Britain’s inflation, wealth inequality and economic weakness to the debasement of fiat currency, and views Bitcoin’s limited supply as a potential hedge outside the traditional monetary system.

In the latest report, Truss described the UK economy as being on a “very negative trajectory” and expressed strong interest in Bitcoin (BTC), saying it could help counter the deterioration of the monetary system. The report did not specify the exact date of her remarks, any holdings or investment plans. Her comments remain a policy position rather than a concrete proposal.