Former British Prime Minister Truss warns of weakening economy: Bitcoin can hedge against systemic risks and combat currency devaluation.

CoinFeed reported on April 18th, citing CoinDesk, that former British Prime Minister Truss stated the UK economy is on a "very negative trajectory," attributing the problem to currency devaluation and a lack of a "sound monetary system," while expressing interest in and support for Bitcoin. Truss pointed out that prolonged inflation and monetary expansion have weakened the pound's value, noting that these issues are not adequately discussed in government and academia, even becoming "taboo topics." She believes Bitcoin can serve as a tool to combat currency devaluation and excessive centralized control. She also criticized the current high taxes, strong regulations, and energy costs that stifle business activity, stating that Britain is "rapidly becoming poorer." Regarding the "mini-budget" that triggered market turmoil during her tenure, Truss argued that it exposed potential vulnerabilities in the financial system, rather than the root of the problem.