Bitcoins Bulgarian police seized from an ‘organised crime gang’ would now pay off a FIFTH of the country’s national debt after value rises by 600% in six months
- Officers seized hundreds of thousands of units of the virtual currency in May
- It was worth $500million at the time but the value of Bitcoin has since surged
- The haul of 213,519 units is now worth a staggering $3.3billion
- Thta is enough to pay off almost a quarter of Bulgaria’s national debt
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That is enough to pay off almost a quarter of Bulgaria’s national debt, although it is not known what the authorities have done with the currency.
more on Bitcoin in this IMS blog