Leaderboard 728×90
Leaderboard 728×90

Britain’s new ‘pro-crypto’ Prime Minister slammed as ‘no friend of Bitcoin’

Twitter user @ODELL called out newly appointed U.K. Prime Minister (PM) Rishi Sunak as “no friend of Bitcoin,” adding that reports of his pro-crypto rhetoric are “misleading.”

The basis for @ODELL’s comments came from a video of Sunak talking about Central Bank Digital Currencies (CBDCs,) which are generally viewed by the community as philosophically opposed to cryptocurrency principles such as censorship-resistance and decentralization.

This new british prime minister is no friend of bitcoin, the “news” accounts are misleading you for engagement.

He wants total control and surveillance of money. pic.twitter.com/h3TY7LN2y5

— ODELL (@ODELL) October 24, 2022

Sunak’s pro-crypto reputation

On Oct. 24, Sunak won the Conservative leadership contest after rival Penny Mordaunt failed to obtain the required 100 Member of Parliament nominations to advance to the next stage of the contest.

Much has been said about his appointment, including Sunak being the first non-white British PM, while others have pointed out that his privileged position means he is out of touch with ordinary people.

The former Goldman Sachs banker and his wife, Akshata Murty, fashion designer, and venture capitalist, are reported to be worth £730 million ($824.5 million).

During his failed leadership campaign against Liz Truss, Sunak told a studio audience that he supports cryptocurrency and the underlying blockchain technology as ways to improve lives through technology efficiencies.

He concluded his response by saying, as PM, “you better believe I want to see that come to fruition.”

Similarly, in another show of crypto-savvy during his campaign trail, Sunak said he prefers Bored Apes to CryptoPunks, and to avoid tribalistic backlash, he chose a “basket of cryptocurrency” rather than picking between Bitcoin and Ethereum,

The UK’s new PM prefers Bored Apes to CryptoPunks and prefers a basket of different coins (dabbles in shitcoins?)

(Clip from leadership race a couple months ago) pic.twitter.com/3FwMgAPA0s

— db (@tier10k) October 24, 2022

Governments exploring CBDCs

On October 14,…


Read More

About The Author

Related posts