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Will the UK sell seized 61k BTC, create Bitcoin treasury or pay victims $7.2B?

Will the UK sell seized 61k BTC, create Bitcoin treasury or pay victims $7.2B?

The post Will the UK sell seized 61k BTC, create Bitcoin treasury or pay victims $7.2B? appeared on BitcoinEthereumNews.com. Will the UK sell 61,000 BTC, or pay victims the gains? The United Kingdom is holding 61,000 Bitcoin worth roughly $7.2 billion after pleading guilty to fraud, and a January High Court test will determine who will capture the upside from assets seized in 2018. Zhimin Qian, also known as Yadi Zhang, pleaded guilty on September 29 at Southwark Crown Court to offenses tied to a multi-year investment fraud that affected more than 100,000 people in China, and Metropolitan Police previously said investigators recovered 61,000 BTC from a property in Hampstead in 2018. According to the Financial Times, prosecutors are preparing a High Court route that would resolve whether victims are compensated at original loss values, around £640 million, or at today’s valuation, around £5 billion at recent market levels, with Treasury officials unable to count any proceeds in the November Budget. That framing defines the market and legal questions, since a compensation order based on principal returns a smaller sum to victims and leaves a surplus for the state after confiscation, while a mark-to-market award directs the current value to victims and materially reduces any fiscal windfall. The legal mechanics matter. Under the Proceeds of Crime Act 2002, courts impose confiscation to remove criminal benefit, then enforce against available assets, which can include digital assets held in state custody. Compensation orders under the Sentencing Act 2020 focus on loss to victims and take priority over fines and confiscation where the offender cannot satisfy everything. Appeals suspend payouts under the statute, which affects timing even when liquid assets are ready to distribute. The Home Office also updated crypto seizure and realization powers in 2023 and 2024, authorizing police and receivers to hold, convert, and sell crypto under court supervision. In 2025, the central government moved to a national custody and realization…
Bitcoin Price Prediction as $BTC Aims Toward $120K, Bitcoin Miners Get a Fortune in September, and More…

Bitcoin Price Prediction as $BTC Aims Toward $120K, Bitcoin Miners Get a Fortune in September, and More…

The post Bitcoin Price Prediction as $BTC Aims Toward $120K, Bitcoin Miners Get a Fortune in September, and More… appeared on BitcoinEthereumNews.com. Live Bitcoin Hyper Updates Today: Bitcoin Price Prediction as $BTC Aims Toward $120K, Bitcoin Miners Get a Fortune in September, and More… Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Leah is a British journalist with a BA in Journalism, Media, and Communications and nearly a decade of content writing experience. Over the last four years, her focus has primarily been on Web3 technologies, driven by her genuine enthusiasm for decentralization and the latest technological advancements. She has contributed to leading crypto and NFT publications – Cointelegraph, Coinbound, Crypto News, NFT Plazas, Bitcolumnist, Techreport, and NFT Lately – which has elevated her to a senior role in crypto journalism. Whether crafting breaking news or in-depth reviews, she strives to engage her readers with the latest insights and information. Her articles often span the hottest cryptos, exchanges, and evolving regulations. As part of her ploy to attract crypto newbies into Web3, she explains even the most complex topics in an easily understandable and engaging way. Further underscoring her dynamic journalism background, she has written for various sectors, including software testing (TEST Magazine), travel (Travel Off Path), and music (Mixmag). When she’s not deep into a crypto rabbit hole, she’s probably island-hopping (with the Galapagos and Hainan being her go-to’s). Or perhaps sketching chalk pencil drawings while listening to the Pixies, her all-time favorite band. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/bitcoin-hyper-live-news-october-2-2025/
Citigroup Predicts Bitcoin Could Climb to $231,000 in 12 Months

Citigroup Predicts Bitcoin Could Climb to $231,000 in 12 Months

The post Citigroup Predicts Bitcoin Could Climb to $231,000 in 12 Months appeared on BitcoinEthereumNews.com. Banking giant Citigroup has revised its Bitcoin prediction to $231,000 in the next 12 months, marking this as the bull case for the flagship crypto. Citigroup also outlined its Ethereum prediction and how high the largest altcoin by market cap could reach within a similar period. Citigroup Predicts Bitcoin Rally To $231,000 As Bull Case The banking giant predicted that BTC could rally to $231,000 as their bull case, while the base and bear cases for the flagship crypto are $181,000 and $82,000, respectively. Meanwhile, they forecast that the flagship crypto could reach $132,000 by year-end, which would mark a new all-time high (ATH). Furthermore, Citigroup expects continued upside from investor demand next year, noting that the flagship cryptocurrency is trading above statistical measures based on user activity. The banking giant also expects positive flows into Bitcoin to continue, which the firm predicts will come through increased adoption as institutional investors and financial advisors initiate crypto investments. Citigroup also predicted that the Ethereum price could reach $7,300 in the next 12 months as their bull case for the altcoin, while $5,400 and $2,000 are the bear cases, respectively. They expect ETH to reach $4,500 by year-end. The firm had earlier predicted that ETH could crash to $4,300 by year-end, although the altcoin dropped below that level shortly after, reaching as low as $4,000 in the process. Meanwhile, Citigroup stated in its most recent research report that they are more positive on Bitcoin compared to Ethereum, as the former captures an outsized portion of incremental flows into crypto markets. They suggested that there is uncertainty around the investor demand for ETH and user activity on the Ethereum network, with this uncertainty reflected in the targets for the altcoin. Massive Inflows Return For BTC Citigroup’s revised Bitcoin prediction comes just as the…