--- title: "Thai Supreme Court rules bitcoin counts as property in robbery case" description: "Thailand's Supreme Court ruled that bitcoin is property, saying it has a market price, can be cashed out and can be held by the public, CoinDesk reported.…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-thai-supreme-court-rules-bitcoin-570ec153e33ce4" published: 2026-10-29T10:05:57.000Z updated: 2026-10-29T11:07:02.000Z indexable: true --- # Thai Supreme Court rules bitcoin counts as property in robbery case Thailand's Supreme Court ruled that bitcoin is property, saying it has a market price, can be cashed out and can be held by the public, CoinDesk reported.… Attributed sources: [CoinDesk]() ## Key facts Thailand's Supreme Court ruled that bitcoin is property, saying it has a market price, can be cashed out and can be held by the public, CoinDesk reported. The court upheld a 10-year sentence for a man who helped the robbers in the case. Evidence strength: Single source, 1 publisher group(s) (CoinDesk). After site detection, observed returns were 5 minutes: -0.01% (Oct 29, 2026, 10:05 → Oct 29, 2026, 10:10, UTC; Gate · USDT); 1 hour: +0.04% (Oct 29, 2026, 10:05 → Oct 29, 2026, 11:05, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff Oct 29, 2026, 10:05, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.01% | -0.01% | 0.00 pp | Oct 29, 2026, 10:05 → Oct 29, 2026, 10:10 | Gate · USDT | | 1 hour | +0.04% | +0.04% | 0.00 pp | Oct 29, 2026, 10:05 → Oct 29, 2026, 11:05 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Oct 29, 2026, 10:05 | ## Claims and open questions - The Supreme Court said bitcoin has a market price, can be cashed out and held by the public, per CoinDesk. - The court upheld a 10-year sentence for a man who helped the robbers, CoinDesk reported. - What legal test or statutory basis the Supreme Court used to classify bitcoin as property, which a published ruling or court statement would confirm. - Whether the ruling sets a binding precedent for how other Thai courts treat bitcoin in future criminal or civil cases, which later court decisions or an official summary would show. ## Source evidence - [Thai Supreme Court rules bitcoin is property after thief challenges conviction]() — CoinDesk; published Oct 29, 2026, 10:04; received Oct 29, 2026, 10:05 (UTC). ## Recent BTC events and market reactions - [Analysts say Fed's hawkish rate hold keeps pressure on Bitcoin]() — Published Oct 29, 2026, 01:12 (UTC) · Single source (1 publisher) · General news · 5m +0.02% / 1h -1.09% - [Bitcoin Core discloses low-severity undo file overflow bug and releases fixes]() — Published Oct 28, 2026, 04:00 (UTC) · Official source (1 publisher) · General news · 5m +0.07% / 1h +0.41% - [Bitcoin Core fixes TCP urgent-data flaw affecting non-Linux nodes]() — Published Oct 28, 2026, 04:00 (UTC) · Official source (1 publisher) · General news · 5m -0.05% / 1h +0.38% - [2026 crypto hack losses reach $2.35 billion, report shared with Bitcoin Magazine says]() — Published Oct 28, 2026, 17:43 (UTC) · Single source (1 publisher) · Security · 5m +0.14% / 1h +0.29% - [Strategy shareholders approve daily dividends on four preferred stocks]() — Published Oct 28, 2026, 15:32 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.05% / 1h -0.03% - [Full coin archive]() ## Research for this archive - [Do Bitcoin ETF flows predict the price? 684 days of daily flows]() - [Bitcoin institutional adoption: CME, spot ETFs and SPY correlation]() - [XRP lawsuit and Ethereum ETFs: reading SEC filings and rulings]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()