Bitcoin

The UK is not a major driver of crypto demand; however, persistent political shifts away from green energy (North Sea drilling) could marginally influence global oil supply expectations and therefore inflation forecasts. In a macro environment where risk assets are already under pressure from fear (Fear & Greed 28), any incremental inflation hawkishness is a headwind, but this specific event is too small to move markets.

Former health secretary Streeting suggests national insurance cut and North Sea drilling, distancing himself from policies of Sir Keir Starmer's government.

Former Health Secretary Streeting Breaks with Starmer, Proposes NI Cut and North Sea Drilling

Streeting's policy break signals UK political infighting that could stall or fragment crypto regulation, creating short-term uncertainty but long-term opportunity for DeFi.