*The Bitcoins Bulgaria’s government reportedly sold in 2018 now represent a $25 billion missed opportunity.
*Binance’s CZ reinitiated a long-held debate by claiming Bitcoin can solve public debt.
*Notably, the Bulgarian government insists it never seized or sold the Bitcoins in what is developing into an urban legend.

In 2018, Bulgaria allegedly quietly sold off 213,500 Bitcoins seized from a criminal syndicate, reaping what then seemed like a prudent windfall. But with Bitcoin now trading at over $117,000, those coins would be worth more than $25 billion today, roughly $1 billion more than Bulgaria’s current public debt.

Unlike Germany, which recently made headlines for offloading part of its Bitcoin reserves through the Bundeskriminalamt (BKA), prompting price volatility, Bulgaria’s earlier sell-off appears less tactical and more conservative. At the time, the logic was rooted in caution: avoid volatility, monetize seized assets swiftly, and strengthen short-term cash positions.

Bitcoin market structure and multi-faceted adoption still support a longer-term rally to $150,000.

Regulatory tailwinds, along with the Trump administration’s expansionary economic mandate, support a BTC price rally to $150,000 and higher.

Bitcoin
BTC $119,188 is making a run back toward the $120,000 level, but most traders want to know what it will take to spark a rally to $130,000 and $150,000.