Bulgaria’s $25B Bitcoin Blunder: How a Nation Missed Crypto’s Ultimate Payday

Bulgaria could've been swimming in digital gold—instead, they cashed out at the worst possible moment.

Back in 2017, authorities seized 213,519 BTC from a cybercrime bust. At today's prices? That stash would make Bulgaria the Wolf of Wall Street—if they hadn't panic-sold.

The ultimate HODL fail

While politicians patted themselves on the back for 'securing state revenue,' they basically set fire to what could've funded their entire national healthcare system for a decade. Classic government move—prioritizing short-term budget fixes over generational wealth.

Meanwhile, diamond-handed retail investors who bought during that same period are now laughing all the way to their decentralized banks. The irony? Bulgaria's financial regulators probably still think 'cold storage' refers to frozen pork reserves.

Next time your fund manager preaches about 'risk management,' remember—even nations FOMO sell at the bottom.