BREAKING: UK Overtakes China as 2nd Largest Holder of U.S. Treasuries for First Time in 25 Years.
Geopolitical tides shift: London steps in as Beijing pulls back.
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China's retreat is driving de-dollarization and confidence in US bonds continues to fall.
There is only one trustworthy (or should I say trustless) asset! #DeDollarization #BitcoinFixesThis
London going to get rekt?
London is just the proxy for China. The UK itself isn't buying.
It is not UK, it is City of London (eurodollar).
Same as Luxembourg and Cayman Islands