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How much has U.S. or Russia already paid for the bitcoins Bulgaria confiscated?
Along with the new futures markets, the stash well might convey control of the bitcoin price for quite a while.
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Bitcoins Seized by Bulgarian Police from an 'Organised Crime Gang' Would Now Pay Off a Fifth of the Country's National Debt
By Scott Campbell
Daily Mail, London
Saturday, December 9, 2017
Bulgarian police have seized enough bitcoins to pay off a fifth of the country's national debt after the value surged by 600 percent in half a year.
Officers are said to have confiscated hundreds of thousands of units of the virtual currency worth $500 million from an organised crime gang in May.
But the surging value of bitcoin means that the haul of 213,519 is now worth a staggering $3.3 billion. 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. ...
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