Liz Truss, the United Kingdom’s shortest-serving prime minister, has publicly declared support for Bitcoin, arguing that currency debasement and flawed monetary policy are driving long-term economic decline in Britain. The supporting evidence appears in the cited X post.
Speaking in a wide-ranging interview published April 18, 2026, the Conservative former leader said she is “very interested” in the cryptocurrency and had first raised it inside HM Treasury years before her turbulent premiership.
Truss, who led the UK government for just 45 days in 2022 before resigning amid bond market turmoil, said the country’s financial situation had deepened her conviction about sound money principles.
Bitcoin, she argued, offered a meaningful counterweight to what she described as the unchecked expansion of state control over the economy and personal finances.
Currency Debasement at the Heart of the Critique
“A lot of the problems we have are due to debasement of our currency and lack of sound money,” Truss said. She served as Chief Secretary to the Treasury for approximately two years until July 2019, a period she recalled as formative in shaping her skepticism toward conventional monetary orthodoxy.
She said she first mentioned Bitcoin inside the Treasury deliberately to provoke discussion and challenge what she saw as intellectual stagnation around money.
Her critique extended well beyond fiscal policy.
Truss described the absence of serious debate around monetary policy in both academia and government as “quite sinister,” warning that open discussion of the topic had become “a taboo” inside government circles despite its outsized role in shaping economic outcomes for ordinary people.
That silence, in her view, has allowed systemic problems to compound for decades without accountability.
For Truss, the erosion of sterling’s purchasing power through inflation and quantitative easing represents exactly the kind of structural failure that decentralized assets like Bitcoin were designed to resist. Analysts sympathetic to the Austrian school of economics have long made similar arguments about fiat debasement as a driver of Bitcoin adoption, framing hard-capped digital assets as a rational response to monetary expansion by central banks.
A 'Very Negative Trajectory' and Plans for CPAC UK
Truss painted a stark picture of where she believes Britain is headed. “We are getting relatively poorer, very quickly,” she said, identifying high taxes, regulatory burden, and soaring energy costs as the main structural barriers strangling entrepreneurial activity.
She argued the risk-reward calculation for business owners in the UK had fundamentally broken down. “There’s a massive disincentive to work in this country,” she added.
Her warning placed Bitcoin within a broader political framework rather than purely a financial one. Truss characterized the current economic system as increasingly tilted toward centralized control, using regulation and taxation as mechanisms to limit individual financial independence.
Bitcoin, in her framing, functions not just as an inflation hedge but as a statement of economic sovereignty.
Beyond the cryptocurrency angle, Truss announced plans to launch CPAC UK, a domestic counterpart to the U.S.-based Conservative Political Action Conference.
She has described the initiative as a vehicle for building a movement centered on “sovereignty and liberty,” aimed at pushing structural economic reform from outside the parliamentary mainstream.
Her appearance at CPAC Texas last month signaled a deliberate alignment with the international conservative and libertarian network that has increasingly embraced pro-Bitcoin rhetoric.
Revisiting the controversy that defined her brief time in office, Truss maintained that the gilt market chaos that followed Chancellor Kwasi Kwarteng’s 2022 mini-budget revealed pre-existing vulnerabilities rather than creating new ones.
“There was a tinderbox in the system that people didn’t know about,” she said, defending the policy agenda even as it remains one of the most scrutinized fiscal episodes in modern British history.
The rapid spike in UK government bond yields at the time forced the Bank of England into emergency intervention and ultimately ended her government within weeks.
Bitcoin was trading near $76,200 at the time of the interview, a level that reflects ongoing uncertainty in global macro conditions even as institutional adoption has continued to expand.
Truss did not specify whether she holds Bitcoin personally, but her public alignment with the asset adds a notable political voice to a growing chorus of Western figures questioning the sustainability of debt-driven fiat monetary systems.
Whether CPAC UK gains traction or remains a fringe project will determine how much political weight Truss can bring to her economic reform agenda.
For now, her willingness to name Bitcoin explicitly, and to link it directly to questions of national monetary sovereignty, gives the digital asset an unusual kind of endorsement from the fringes of the British establishment.
Not Financial Advice: This article is for informational purposes only. Crypto investments are highly volatile. Always do your own research.
