Former UK Prime Minister sees economy on 'very negative trajectory,' indicates support for bitcoin

Former UK prime minister Liz Truss warned the U.K. economy is on a “very negative trajectory,” blamed currency debasement and pushed bitcoin as a tool against that trend. Speaking to CoinDesk, Truss—who served 45 days as PM in 2022 and was Chief Secretary to the Treasury until July 2019—said weakness in monetary policy, high taxes and regulation have eroded incentives for growth. Now outside government she is backing bitcoin and launching CPAC UK, a three-day conference aimed at promoting “sovereignty and liberty.” Her public endorsement reinforces the narrative of bitcoin as a hedge against inflation and centralised monetary policy, a political signal that could support investor sentiment and marginal demand for BTC.