Bitcoin Potential: CZ Suggests Bitcoin Could Have Eliminated Bulgaria’s Debt

CZ, the founder of CZ, suggests that Bitcoin has the potential to resolve significant sovereign debt issues, with Bulgaria serving as a noteworthy case study.

The Missed Opportunity in 2018

In 2018, the Bulgarian government made a crucial decision to sell 213,500 BTC.

The Impact Today

Had Bulgaria retained this cryptocurrency stash, its value today would have been sufficient to cover a remarkable 79% of the country’s total national debt.

Bulgaria’s Debt Overview as of May 2025:

🟠Total debt: 54.2 billion BGN
🟠Debt-to-GDP ratio: 24.8%
🟠Budget deficit: –671.5 million BGN
🟠Revenue: 6.7 billion BGN

One decision, one asset, could have led to a completely different fiscal future for Bulgaria.

Also read: BlackRock Purchases 159,101.48 ETH Worth $499 Million – Latest Investment News