The btc/gbp price has risen by over 80% in the last 6 months. Meanwhile the UK has just confirmed it is in recession. The UK fell into a recession after it raised interest rates to above 5% in 2023 in order to tame inflation. However, btc/gbp is one measure of inflation [1] that the UK gov cannot properly tamper with. The cat is out of the bag in other words. With the UK's next election being held no later than 2025 and the elevated cost of borrowing dragging on the economy, the Bank of England will surely turn to lowering interest rates (and QE) to stimulate growth. This will (again) set the fire alarm off that is btc/gbp, which could be set to soar in the 18 months ahead, and for the rest of time. #bitcoin #GBP #UK 🇬🇧

[1] nostr:nevent1qqs86erhle0jxsyg97mmdmt66zucu4pnl340f8rp5r74vj2ltr3uj3cpp4mhxue69uhkummn9ekx7mqzyqm8xtxrtljkrpd0rvg3vz3e84k88g07g8wlzxzvzqu5c2x2t438kqcyqqqqqqgufh2xp