Gordon Brown Redux? UK Reportedly Mulls Sale of £5B in Bitcoin

Description

Led at the time by Gordon Brown, the U.K.'s Chancellor of the Exchequer in the period from 1999-2002 famously sold off about half of the country's gold reserves at what turned out to be a generational bottom of roughly $275 per ounce for the yellow metal. In a bit more than two decades since, the price of gold has risen roughly 12-fold to its current $3,350 per ounce, the U.K. thus missing out on a substantial windfall. Is the sceptered Isle about to repeat that mistake? Facing the need to come ...