Liz Truss Backs Bitcoin UK Economy Down, Launches CPAC
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- Liz Truss led the UK government for just 45 days in 2022 before resigning, now warns the economy is on a “very negative trajectory” and that the country is “getting relatively poorer, very quickly.”
- Bitcoin trades around $76,000, which Truss cites as a “sound money” alternative to a debased sterling.
- CPAC UK will host a three‑day conference to rally activists and entrepreneurs under a “sovereignty and liberty” banner, as part of Truss’s new political movement.
- Kwasi Kwarteng was chancellor behind the 2022 mini‑budget that sparked market turmoil, which Truss says exposed hidden fragilities rather than caused them.
- UK’s high taxes, regulation and energy costs are described by Truss as major disincentives to work, fueling her claim of rapid wealth erosion.
Why it matters: UK crypto investors stand to benefit if Bitcoin’s $76,000 price gains traction, while the UK Treasury risks losing relevance as Truss’s sovereignty push gains momentum, potentially reshaping monetary policy debates.
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