Submitted on Wednesday 5th May 2021
Rejected on Wednesday 12th May 2021
Current status: Rejected
Rejection code: no-action (see below for details)
Put Bitcoin on to HM Treasury's balance sheet
Bitcoin is a non-inflationary, divisible, immutable, transportable, easily recognisable asset. Technically better than gold. The British government should give serious consideration to adopting Bitcoin, as the new standard for the British Pound, leaving our current position pegged to the US Dollar.
The world's economy is currently sitting on a knife's edge. The future of the current financial system as we have always known it has been thrown into serious uncertainty due to the huge increase in currency printed by the BoE in order to save people's livelihoods throughout the pandemic. Whilst this has been a highly welcome intervention by the governments of the world, it has also signalled the end of our currency. We need a return to a standard which makes over-inflation impossible.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
Petitions need to call on the Government or Parliament to take a specific action. We're not sure exactly what you'd like the Government or Parliament to do.
We're not sure whether you want the Government to invest in cryptocurrencies as part of HM Treasury's asset holdings, or whether you want the value of the Pound Sterling to be pegged to the value of one or more cryptoassets such as Bitcoin.
3.134.104.173 Fri, 03 May 2024 00:56:33 +0100
