HOW DOES BULGARIA HAVE SO MUCH BITCOIN

Bulgaria holds a significant amount of Bitcoin due to an operation against organized crime in 2017. During this operation, Bulgarian authorities confiscated approximately 213,000 Bitcoins from a criminal network that used the cryptocurrency for illegal activities. This seizure made Bulgaria one of the largest holders of Bitcoin in the world.

Additionally, Bulgaria has shown a high level of cryptocurrency adoption compared to other European countries. The popularity of Bitcoin in Bulgaria is due to several factors, including the ease of conducting cross-border transactions and the search for alternative investments in an unstable economic environment.

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