The UK’s Royal Family, the institution responsible for ruling over the country for generations, is allegedly accumulating large amounts of cryptocurrency, with at least 120,000 BTC already in hardware wallets stored in secure vaults in secret locations under the streets of London.
The news has been leaked by an anonymous whistleblower who claims to work at Coutt’s bank. Queen Elizabeth II herself is said to have authorised the purchases, but the impetus is said to have come from Prince Charles who has long been seen as the progressive thinker within the family.
The Prince’s private secretary, Captain Phillip Hugh-Jackson-Phillips, would only reply with this one line email:
“Her Majesty Queen Elizabeth wishes to express her joy that His Royal Highness The Prince Of Wales has, at long last, found a way to make some filthy lucre.”
The extensive undercover bitcoin buying operation is also said to be part of Coutts desire to move into the 21st centruy. After three centuries as banker to Britain’s rich and famous, from Charles Dickens to Queen Elizabeth II, Coutts, one of the world’s oldest banks, is trying to modernize. They are allegedly employing a team of agents to buy bitcoins from localbitcoin sellers around the globe. Often paying with sacks of cash, or trucks filled with gold bars.
Publicly private bank Coutts said in December it has no plans to purchase, or invest in bitcoin because the cryptocurrency has “nothing but sentiment” behind it. Lilian Chovin, investment strategist at Coutts Bank said.
According to the whistleblower the purchases are being funded by selling vast amounts gold bullion. It is estimated that over a $7 billion in gold bullion has been reserved to facilitate bitcoin purchases. When asked to comment the Queens private secretary Lord Howes-Yerfater responded:
“We strongly deny these allegations regarding weird, invisible internet money. It’s only used to buy heroin isn’t it?”
There are rumors of other royal families making secret purchases converting liquid and physical assets into digital gold. The recent arrest of billionaire investor and bitcoin basher Prince Alwaleed bin Talal for financial crimes including money laundering, bribery, and extortion was allegedly due to the secret bitcoin purchases he was making for members of middle eastern royal family members without the permission of the king. There are rumours that north of $10 billion of arab gold is being used to buy bitcoin while the price is only $10,000 and seen as unfairly cheap.
The Saudi government explained that the arrests were the result of:
“exploitation by some of the weak souls who have put their own interests above the public interest, in order to, illicitly, accrue crazy internet money.”
Prince Alwaleed has since been freed after allegedly reaching an agreement to keep purchasing bitcoin but only for the king and some of his favourite monkey pets.
Crypto commentators have noted that if these allegations are true and large numbers of royal families are buying massive quantities of bitcoin the price will soon explode beyond the wildest dreams of crypto lambo kids moon dreams.
Well known crypto trader Anabolic Trav tweeted: