Former BOE analyst: Alien discovery could trigger crypto surge

A former Bank of England (BOE) analyst, Helen McCaugh, has written to BOE Governor Andrew Bailey suggesting that the official confirmation of alien life could severely disrupt financial markets and trigger a surge in demand for cryptocurrencies, according to a report from Asia Business Daily. McCaugh explained that such a revelation could lead the public to question the legitimacy of governments, eroding trust in government-backed assets. This loss of confidence, she argued, could drive a significant increase in demand for cryptocurrencies like Bitcoin, making them an attractive alternative.