Interesting development over the weekend where it was discovered that approximately 18% of Bulgaria's national debt or approx 3 billion dollars is sitting inside their own 'wallets'. It seems an anti corruption operation aquired a huge amount of bitcoin upon busting an organised crime ring.
Read about it here:
The scary part for bitcoin investors is that if this government organisation decides to dispose of them on the open market without care for the result, then the volume being sold off will no doubt significantly impact the price and add even more volatility to the price. The upside is, if investors time it right (that is if they in fact sell them) there could be a bargain buy to come!
