CandleFocus Bhutan's Crypto Reserve Could Pave Way for Economic Growth in Other Countries
2025-01-10
Author: Content Editor
Bhutan, a small country in South Asia, has made headlines by adopting a crypto reserve strategy in one of its cities. The strategy includes holding bitcoin, ethereum, and Binance's BNB token. Bhutan's move to incorporate crypto into its national reserves could serve as an example for other smaller countries looking to strengthen their economies. The country's abundance of hydropower makes it well-positioned for bitcoin mining, which is more cost-efficient and reduces the environmental impact. Bhutan currently holds over 11,000 bitcoin, worth approximately $1.1 billion, making it one of the top five countries with bitcoin reserves. Bhutan's actions could inspire other governments, especially those with abundant energy sources, to follow suit.
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