In a recent speech in Kyiv, Bank of England Governor Andrew Bailey expressed skepticism about the necessity of a retail digital pound, dubbed 'Britcoin.' While wholesale CBDCs for interbank settlements are progressing smoothly, Bailey remains unconvinced that consumers need a new form of currency. This article delves into the concerns surrounding privacy, banking stability, and whether the risks outweigh the benefits. Join me as I analyze the implications of this cautious stance on the future of digital currencies in the UK.