The post Liz Truss Backs Bitcoin to Fix UK Currency Debasement appeared on BitcoinEthereumNews.com.
Liz Truss tied U.K. stagnation to sound money failures, sterling debasement, and policy. Growing interest in Bitcoin reflects her concerns over centralization, tax, and control. Truss said weak growth, high costs, and state control are pushing Britain toward decline. Liz Truss said the U.K.’s long economic stagnation reflects a deeper problem with sound money, currency debasement, and policy failure. The former prime minister said those concerns strengthened her interest in Bitcoin and shaped her broader criticism of centralization, taxation, and monetary policy. According to a report on Saturday, Truss said many of the country’s problems stem from the erosion in sterling’s value. She linked that decline to inflation and the printing of new banknotes. According to her, the weakness has built up over decades. Truss Links Bitcoin to Sound Money Concerns Truss said she is “very interested” in cryptocurrency. She added that she first came across it while working at the Treasury and mentioned it there “to shake things up.” Her Treasury role lasted about two years until July 2019. Later, she became prime minister in 2022 and remained in office for 45 days. Those details framed her latest remarks on money and economic policy. At the center of her argument was the issue of sound money. Truss said the lack of serious debate around money in government and academia had become “quite sinister.” She also said monetary policy had turned into “a taboo” subject inside government. For Truss, Bitcoin is not only a financial asset. She placed it within a wider concern about control and independence. In her view, the current system is moving toward more centralized control through regulation and taxation. That shift, she argued, is making the broader economic picture worse. Truss said the U.K. economy is on a “very negative trajectory.” Weak growth, expanding state control,…