Peter Schiff Says UK's Plan to Sell $6.7 Billion In Seized Bitcoin Could Help Budget — Warns US Against Buying It For Strategic Reserve

Benzinga

2025/07/21

Economist Peter Schiff on Sunday called the UK’s purported plan to sell almost $6.70 billion in stolen Bitcoin BTC/USD a “right” approach to address their budget deficit.What Happened: Schiff took to ...

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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeter Schiff Says UK's Plan to Sell $6.7 Billion In Seized Bitcoin Could Help Budget — Warns US Against Buying It For Strategic Reserve\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2025-07-21 14:16</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>Economist Peter Schiff on Sunday called the UK’s purported plan to sell almost $6.70 billion in stolen Bitcoin BTC/USD a “right” approach to address their budget deficit.What Happened: Schiff took to ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/25/07/46512096/peter-schiff-says-uks-plan-to-sell-6-7-billion-in-seized-bitcoin-could-help-budget-warns-us-against-buying-it-for-strategic-reserve\">网页链接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.benzinga.com/crypto/25/07/46512096/peter-schiff-says-uks-plan-to-sell-6-7-billion-in-seized-bitcoin-could-help-budget-warns-us-against-buying-it-for-strategic-reserve\">Benzinga</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.benzinga.com/crypto/25/07/46512096/peter-schiff-says-uks-plan-to-sell-6-7-billion-in-seized-bitcoin-could-help-budget-warns-us-against-buying-it-for-strategic-reserve","article_id":"2553429304","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2025/07/21/Musk-Poll-Backs-New-Party--Embraces-Bitc.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/crypto/25/07/46512096/peter-schiff-says-uks-plan-to-sell-6-7-billion-in-seized-bitcoin-could-help-budget-warns-us-against-buying-it-for-strategic-reserve","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2553429304","pubTimestamp":1753078593,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Economist Peter Schiff on Sunday called the UK’s purported plan to sell almost $6.70 billion in stolen Bitcoin (CRYPTO: BTC) a 「right」 approach to address their budget deficit.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","STRK":"MICROSTRATEGY 8.00% SERIES A PERPETUAL STRIKE PFD","BK4600":"加密货币概念","BK4516":"特朗普概念","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4023":"应用软件","BK4601":"加密货币现货ETF","BK4596":"哈里斯概念","BK4595":"比特币概念"},"translate_title":"彼得·希夫表示，英国出售67亿美元被扣押的比特币的计划可能有助于预算——警告美国不要购买它作为战略储备","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STRK":0.6},"content_text":"Economist Peter Schiff on Sunday called the UK’s purported plan to sell almost $6.70 billion in stolen Bitcoin BTC/USD a 「right」 approach to address their budget deficit.What Happened: Schiff took to X to comment on The Telegraph’s report that UK Chancellor Rachel Reeves is considering selling the BTC stash recovered by police to help close a fiscal gap.「For once, the Brits might actually get something right,」 the Bitcoin skeptic said. Schiff used the opportunity to poke fun at Bitcoin advocate Michael Saylor, suggesting that his firm, Strategy Inc. MSTR, might become the buyer. 「I hope the U.S. doesn't buy it for the Strategic Reserve,」 he added.\n\nSee Also: $1 Billion Bitcoin Transfer Triggers Massive Liquidations — This Is Where It Was OffloadedWhy It Matters: The Bitcoin in question, amounting to 61,000 BTC, was confiscated in 2018 from a Chinese Ponzi scheme. The report added that the Home Office is developing a \"cryptocurrency storage and realization framework\" to manage and liquidate the holdings, with a tender offering up to £40 million, worth $53.68 million, in commission.The anticipated sell-off comes amid a major cryptocurrency market rally that has pushed Bitcoin to historic highs of over $123,000.Interestingly, confusion prevailed last week over reports suggesting that the U.S. government offloaded over 80% of its Bitcoin reserves, leaving just around 29,000 BTC.  According to President Donald Trump’s executive order, the deposited BTC in reserves is not supposed to be sold.Price Action:  At the time of writing, BTC was exchanging hands at $118,380.36, up 0.32% in the last 24 hours, according to data from Benzinga Pro. Year-to-date, the cryptocurrency has gained 25.65%.Loading...Loading...Read Next: \nJack Dorsey’s Block, With Over $1 Billion In Bitcoin Holdings, Set To Join S&P 500 — Shares Pop 8% In Overnight Trading\nDisclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.Image Credit: Bob Montgomery / USA TODAY NETWORK Imagn Images$BTCBitcoin$119187.401.58%Stock Score Locked: Edge Members OnlyBenzinga Rankings give you vital metrics on any stock – anytime.Unlock RankingsEdge RankingsMomentum93.91Price TrendShortMediumLongOverviewMSTRStrategy$425.72-5.68%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}