How the UK and Australia Are Using Bitcoin

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United Kingdom: Managing Seized Bitcoin Assets

  • In 2021, UK authorities confiscated over 61,000 bitcoins, worth around £1.4 billion at the time, from an investment scam involving Jian Wen. By 2025, the value of these assets has grown to approximately £5.2 billion.
  • The UK government is debating whether to sell or hold the seized Bitcoin. Some believe holding it could act as a hedge against inflation and signal support for digital innovation, while others warn about Bitcoin’s volatility and risks.
  • UK regulators continue working on crypto regulations, focusing on preventing illicit use while fostering innovation in blockchain technology.

Australia: Investing in Crypto Through the Future Fund

  • Australia’s sovereign wealth fund, the Future Fund, has investments in cryptocurrency-related companies, including shares in Coinbase Global, a major crypto exchange.
  • This approach gives Australia indirect exposure to cryptocurrency markets while mitigating direct risks.
  • Meanwhile, the Australian crypto industry remains optimistic, with analysts predicting Bitcoin’s price could surpass $120,000 in early 2025, driven by global trends and increasing institutional investment.

Conclusion

The UK is still deciding how to manage its large Bitcoin holdings, while Australia is taking a strategic investment approach through regulated financial markets. Both countries are shaping their roles in the future of cryptocurrency, balancing innovation, regulation, and financial stability.

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