Former UK PM Liz Truss Warns of Economic Decline, Backs Bitcoin as Hedge

Liz Truss, the shortest-serving Prime Minister in UK history, has voiced strong concerns over the long-term health of the British economy, describing its current path as a "very negative trajectory." Truss argues that the nation's stagnation is the result of decades of poor monetary policy and a lack of "sound money." In a recent interview, Truss attributed the erosion of the sterling's value to inflation and the excessive printing of banknotes. She contends that the absence of serious debate regarding monetary policy within government and academia has become "sinister," leaving the country vulnerable to long-term decline. Against this backdrop, Truss expressed a growing interest in Bitcoin, positioning the cryptocurrency as a viable mechanism to combat currency debasement. She noted that her interest in the asset began during her tenure at the Treasury, where she viewed it as a way to challenge traditional financial structures and shake up established norms. Truss further warned that the current financial system is geared toward increasing centralized control through taxation and regulation. She asserted that these factors, combined with high energy costs, create a massive disincentive for entrepreneurs, leaving the UK "relatively poorer" compared to its peers. Reflecting on the market turmoil following her 2022 mini-budget, Truss maintained that the event exposed hidden fragilities within the system—specifically leveraged pension strategies—rather than causing the instability itself. Now operating outside of government, Truss is focusing on building a political movement centered on sovereignty and liberty, including the organization of CPAC UK to unite activists and entrepreneurs.