I just saw an analysis of one of the biggest financial mistakes in cryptocurrency history, and it’s absolutely surreal.



Bulgaria confiscated over 213,000 bitcoins in 2017. Yes, you read that right. At that time, the country had a massive amount of BTC in its hands. But here’s the painful part: in 2018, they decided to sell almost everything at around $15,000 per coin. The result? They raised about $1.7 billion.

Now, with BTC trading at $77,600, those same bitcoins would be worth approximately $165 billion. Let this be recorded: from $1.7 billion to $165 billion in less than a decade.

To put it into perspective, this amount alone would be enough to pay off the country’s entire national debt multiple times. It’s the kind of news you see and think: how could such a decision have been made?

This is the kind of crypto news that makes history. A living lesson on timing and missed opportunities in the cryptocurrency market.
BTC-1.13%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments