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CZ: Bitcoin can solve most public debt problems

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#Bitcoin
Odaily
412Words
Jul 16, 2025

CZ responded on the X platform to the claim that "Bulgaria missed a good opportunity to repay its debt of $25 billion because it sold off confiscated Bitcoin in 2018," stating that Bitcoin can solve most public debt problems. It is reported that a batch of confiscated Bitcoin disposed of by the Bulgarian government in 2018, calculated at the current market price, has exceeded the country's total public debt. This batch of 213,500 Bitcoin was seized in 2017 during a crackdown on organized crime and sold for approximately $3.5 billion at the time. If held until now, it would be worth $25.2 billion, which is 5% higher than the country's latest national debt scale of $24.0 billion, giving Bulgaria a great opportunity to repay its debt. [Odaily Planet Daily]

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