Bhutan, known for its high happiness index, is not just a spiritual paradise; it is also a bold player in the world of Bitcoin. While this crypto reaches new heights, the small Himalayan kingdom reaps colossal profits. Those who bought Bitcoin at $40,000 can now boast massive gains, as BTC is trading at over $90,000. In the shadows, Bhutan is asserting itself by banking on the queen of cryptos.
A bold bet: Bhutan’s Bitcoin strategy
Latest Bitcoin news: with over 12,500 BTCBhutan displays a reserve of approximately $1.08 billiona jackpot amassed far from the spotlight. Unlike countries like Germany, which liquidated its crypto holdings, Bhutan plays the patience cardsupported by a risky, but potentially lucrative bet.
This decision echoes that of El Salvador, the first to adopt BTC as legal tender, but Bhutan prefers discretion.
However, the kingdom invested massively from the first days of the crypto rush, even going as far as allocate 5% of its GDP in May 2023 for Bitcoin mining projects. For comparison, only a few countries in the world dare to achieve such proportions.
Some figures which show the extent of their commitment:
- 12,568 BTC: current amount held;
- $1.08 billion: estimated value of assets;
- 5% of GDP: allocated to Bitcoin mining in 2023.
For such a small kingdom, the amount held far exceeds larger nations, including El Salvador, which is so well-publicized in the crypto world.
A strategic and avant-garde crypto reserve
Beyond its financial value, this strategy could well position Bhutan as a crypto reserve pioneer. “ A futuristic bet », underline certain analysts, echoing the ambitions displayed by countries like the United States, where political figures are considering a strategic stock of Bitcoin.
Trump himself recently mentioned the idea of such a fund, which could be a game-changer for sovereign reserves around the world.
Thus, Bhutan, this small Himalayan kingdom could become a model for other small savings wishing to diversify their national reserves. Bhutan's silence contrasts with growing speculation that other nations, such as Qatar or the Emirates, are also on the path to a Bitcoin reserve.
Certainly, Bhutan does not have the media panache of El Salvador. However, in the shadows, he remains a major player behind the scenes of Bitcoin.
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