Former U.K. prime minister Liz Truss says Britain’s economic path is “very negative” and has publicly signaled support for bitcoin as a hedge against what she describes as decades of currency debasement.
Speaking to CoinDesk, Truss — who served just 45 days as prime minister in 2022 and was Chief Secretary to the Treasury until July 2019 — argued that many of the U.K.’s structural problems stem from a long-running erosion in the value of sterling driven by inflation and money printing. “A lot of the problems we have are due to debasement of our currency and lack of sound money,” she told the crypto outlet, adding that serious debate about money has become “quite sinister” and even a “taboo” in academic and government circles.
It was during her Treasury years that Truss first came across bitcoin and even referenced it “to shake things up.” She told CoinDesk she’s “very interested” in the cryptocurrency — BTC was quoted at $76,266.55 at the time of the interview — noting that some see bitcoin as a tool against currency debasement and centralized monetary control.
Truss framed bitcoin within a broader critique of rising centralization and state control. She warned that current policy trends — higher taxes, heavier regulation and energy costs — are creating a “massive disincentive to work” and are driving Britain toward long-term decline. “We are getting relatively poorer, very quickly,” she said, arguing that weak growth and what she views as failures in monetary policy threaten the country’s economic future.
Reflecting on the market turmoil triggered by Chancellor Kwasi Kwarteng’s 2022 mini-budget, Truss maintained the episode exposed pre-existing fragilities rather than creating them. “There was a tinderbox in the system that people didn’t know about,” she said, pointing to leveraged pension strategies that amplified the fallout.
Now out of government, Truss is focused on organizing a political movement around “sovereignty and liberty.” She’s involved with CPAC UK, a three-day conference aimed at uniting activists, entrepreneurs and thinkers who share her concerns about state power and economic direction. “We need a movement of people who understand what the problem is,” she said, bluntly framing the stakes: “There are two choices, either we’re finished or we change it.”
For the crypto community, Truss’s comments add another prominent voice arguing that digital assets like bitcoin can play a role in resisting monetary debasement and protecting financial independence.
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