Bulgaria’s GDP is about $52.4 billion (2016), so it is quite a shock that the Bulgarian Government is sitting on an approximate $3 billion worth of Bitcoins seized in an anti-corruption operation back in May. Putting this into a little more glaring context, Bulgaria is holding 18% of the national debt in bitcoins...
Bulgarian law enforcement jointly worked with the Southeast European Law Enforcement Center (SELC), a regional organization comprised of 12 member states, to bust a sophisticated organized-crime network, arresting twenty-three Bulgarian nationals and seizing a total of 213,519 bitcoins.
Poster Comment:
There are only 1,000 people in the world with lots of Bitcoins. Some Bitcoins were destroyed or lost. One man lost $105 million on Bitcoin when he computer was tossed out during a move. A sale of this magnitude even over a period pf moths will stop Bitcoin from escalating so fast.