2025-12-10 19:22:34

Interesting take from a UK crypto accountant about Truss's 2022 mini-budget drama. The real story? Politicians lack economic expertise.

Here's what caught my attention: The Bank of England itself confessed that market chaos was their doing. Not the budget. Not政府 policy. Them.

Think about it. When central banks admit fault, markets listen. When they don't? Well, we saw what happened in '22.

This isn't just UK politics—it's about how central banking decisions ripple through every asset class. Including crypto. Policy missteps don't stay contained. They spread.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
7
Repost
Share

Comment

0/400

CompoundPersonality

· 12-13 15:48

So, the real cause of market collapse is never the rhetoric from politicians, but when the central bank messes up and has to pass the buck. Is it rare for the central bank to admit mistakes? No wonder our crypto market is also suffering along, the warning signs have been there for a while. When policies go wrong, someone has to take the blame, but unfortunately, retail investors like us are always the last ones.

View OriginalReply0

DegenWhisperer

· 12-13 02:09

Whoa, the central bank admitted its mistake? This is the real truth, I've always said politicians are just talk without action.

View OriginalReply0

RektDetective

· 12-12 20:24

Holy crap, the central bank admits fault itself? This is the truth, politicians have been taking the blame for so long. The chain reaction caused by the central bank's decisions is truly everywhere, and crypto hasn't escaped either. That wave in 2022 was a typical case of policy missteps spilling over. To be honest, politicians' lack of economic knowledge has always been a huge problem. If the central bank doesn’t admit mistakes, the market will keep going haywire—this logic is upside down. Chain reactions are indeed real; a single wrong decision can destroy the entire market. The spread of policy errors is probably where the crypto world suffers the most, often caught in the crossfire. When the central bank admits issues, the market can truly respond; otherwise, it's just guesswork. This logic also applies to crypto—don’t think the crypto sphere exists independently. The chaos of 2022 was not due to a lack of budget, but because of the central bank's reckless moves.

View OriginalReply0

GasFeeCryBaby

· 12-10 19:52

Ha, I told you, the central bank admitting fault is useless. The market simply doesn't listen to that. Wait a minute, to be honest, it's still these politicians being too incompetent. They lack basic economic knowledge. That wave in '22 was really incredible. Once the central bank intervened, cryptocurrencies were wiped out instantly. The chain reaction simply couldn't be stopped.

View OriginalReply0

PhantomHunter

· 12-10 19:52

Damn, the central bank successfully shifted the blame, politicians are taking the fall, this script is really well written.

View OriginalReply0

SighingCashier

· 12-10 19:51

Blaming politicians again, the central bank is the real culprit... The 2022 wave was indeed acknowledged by the central bank itself, so who can we blame?

View OriginalReply0

MoonRocketman

· 12-10 19:23

Haha, the central bank shifts the blame, politicians take the blame, and the slaughter of 2022 happened just like that. RSI has already entered the oversold zone. The retail investors who locked in their positions during this wave probably haven't broken even yet.

View OriginalReply0

Trending TopicsView More
#BTCMarketAnalysis
111 Popularity
#HasTheMarketDipped?
116.39K Popularity
#FedRateCutPrediction
65.05K Popularity
#ETHTrendWatch
185.68K Popularity
#FHETokenExtremeVolatility
6.99K Popularity

Hot Gate FunView More

1
SEXYSEXY LOVE
MC:$3.51KHolders:1
0.00%
2
XCLXCellar
MC:$3.52KHolders:1
0.00%
3
GTDGate Dog
MC:$3.64KHolders:1
1.18%
4
GT圣诞交易GT圣诞交易
MC:$3.6KHolders:2
0.01%
5
BABNBBinance
MC:$3.51KHolders:1
0.00%

Sitemap