According to PANews, Bloomberg senior journalist Merryn Somerset Webb has advised the UK's new Chancellor of the Exchequer, Rachel Reeves, to sell the country's 61,245 bitcoins to aid in the 'rebuilding of Britain.' Webb highlighted that as long as international criminals use bitcoin and are apprehended by the police, more cryptocurrency could flow into the government's possession.

Webb pointed out that the new Chancellor inherits one of the worst economic environments since World War II. Achieving the goal of 'rebuilding Britain and improving every sector of the nation' requires substantial funding. However, a significant amount of cash is readily available without the need for tax increases, which is the UK's bitcoin assets.