Coinbase has released a satirical video titled ‘Everything is fine’ depicting the United Kingdom’s worsening economic conditions, leveraging dark humor to underscore rising inflation, poverty, and debt levels impacting nearly half of British adults.
The tech firm’s critique aligns with recent data from Fair4All Finance showing 44% of UK adults (20.3 million people) now experience financial vulnerability—a 16% increase since 2022. The study further reveals 3.5 million citizens carry high-cost debt burdens, representing a 59% surge from previous years. Food insecurity has similarly intensified, with 15% of the population relying on food banks compared to 11% a year earlier.
Parallel to this economic commentary, Coinbase emphasizes concerns over the UK’s postponed cryptocurrency regulations. Industry experts caution that regulatory ambiguities could undermine blockchain innovation and jeopardize the country’s position as a potential leader in digital finance infrastructure.