Conversations round Bitcoin’s utility in fixing the nationwide debt disaster have garnered vital steam following new information from Bulgaria. The worth of Bitcoin offered in 2018 has risen to equal 79% of Bulgaria’s nationwide debt, with Binance founder Changpeng Zhao backing BTC’s debt-solving capabilities.
2018 Bitcoin Sale Nearly Offsets Bulgaria’s National Debt
A report has claimed that 213,500 Bitcoins offered by Bulgarian authorities again in 2018 have surged in worth to equal a big chunk of the nation’s nationwide debt. Per the report on X, the worth of the offered Bitcoin makes up 79% of Bulgaria’s public debt and may offset a portion of the debt if authorities didn’t promote the belongings.
At press time, Bulgaria’s public debt sits at over $30 billion, whereas the debt-to-GDP ratio is at 24.8%. On the opposite hand, Bitcoin has set new ATHs of $123K and at present costs, the worth of the 213K BTC stands at $25.1 billion.
Since 2018, the worth of the asset has surged by over 1,900% in seven years, outperforming a number of legacy belongings alongside the best way. Given the information, Binance founder Changpeng Zhao famous that Bitcoin can resolve the general public debt disaster confronted by a number of international locations.
“Bitcoin could solve most public debt,” mentioned Changpeng Zhao on X
Bitcoin might resolve most public debt. https://t.co/sBq81KMkio
— CZ 🔶 BNB (@cz_binance) July 16, 2025
Back in 2017, Bulgarian authorities seized 213,500 BTC in a coordinated raid on the hideouts of cybercriminals. At the time, the worth of the belongings was round $2 billion and positioned Bulgaria because the nation with the second-largest Bitcoin holdings.
Countries Push For Strategic Reserves Citing Slew Of Benefits
Given Bitcoin’s appreciating values, a number of international locations are deciding to carry onto confiscated belongings fairly than offloading them. Led by the US establishing a Strategic Bitcoin Reserve, Ukraine and Pakistan are inching towards their cryptocurrency reserves.
Proponents are pointing to the asset’s streak of defending in opposition to native foreign money devaluation whereas eyeing beneficial properties from state-backed Bitcoin mining. While the IMF has blocked Pakistan’s plan to mine Bitcoin with low cost electrical energy, different international locations are mulling the choice to bolster their crypto holdings.
Despite the perks, there’s a draw back of volatility and deep worth corrections for the highest cryptocurrencies. Countries eager on adopting the asset for public debt must courageous pushback from worldwide lenders just like the IMF and the World Bank.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and rising applied sciences journalist with a knack for masking needle-moving tales within the house. Aliyu delivers breaking information tales, regulatory updates, and insightful evaluation with depth and precision. When he isn’t poring over charts or following leads, Aliyu enjoys enjoying the bass guitar, lifting weights and operating marathons.
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