Bulgaria has enough Bitcoin to pay off fifth of country's debt

Bulgarian police have seized enough Bitcoins to pay off a fifth of the country's national debt after the value surged by 600% in half a year.

Officers are said to have confiscated hundreds of thousands of units of the virtual currency worth $500million from an organised crime gang in May, reported Daily Mail.

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But the surging value of Bitcoin means that the haul of 213,519 is now worth a staggering $3.3billion.

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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