🚨🇧🇬 Bulgaria's Bitcoin Sale: A Costly Mistake? 🤯

In 2017, Bulgaria seized 213,500 Bitcoin, worth around $3.5 billion at the time, enough to cover a fifth of its national debt. However, the government sold the entire haul in 2018. Fast forward to today, and that same amount of Bitcoin would be worth approximately $25.24 billion, exceeding the country's current public debt of $24 billion.

What If Bulgaria Hadn't Sold?🤔

- Paying Off National Debt: With the current value of Bitcoin, Bulgaria could have paid off its entire national debt.

- Strategic Reserve Opportunity: Some experts believe that Bitcoin could be used as a strategic reserve asset, providing a potential hedge against inflation and fiscal pressure.

- Long-Term Vision: The sale has sparked debate about whether governments should take a long-term view when it comes to managing cryptocurrency assets.

The Impact of the Sale💸

- Missed Opportunity: The sale has been described as one of the most expensive fiscal mistakes in recent history, with some analysts estimating that holding onto the Bitcoin could have positioned Bulgaria ahead of the curve.

- Changing Financial Landscape: The story highlights the rapidly changing financial landscape and the need for governments to balance caution with long-term vision#BTC #usa #Altcoins! #market_tips #NewsAboutCrypto $BTC $ETH $MANTA