Could Holding Have Reduced National Debt? The Current Value of 213,500 Bitcoins Bulgaria Sold in 2018

In December 2017, the Bulgarian government seized 213,500 bitcoins (BTC) from a cybercrime organization and decided to sell them in 2018, a decision now debated as a huge missed opportunity. The estimated selling price at the time was between $10,000 and $17,000 per BTC, totaling about $3.5 billion in revenue.

This sale was conducted amidst the backdrop of Bitcoin's volatile price drop risk at the time and the EU's regulatory uncertainties, and was considered a cautious decision.

However, a simple calculation shows that the current value of the sold bitcoins, $25 billion, already surpasses Bulgaria's national debt of $24 billion. This...