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Bhutan Surprises with $1.3 Billion Bitcoin Reserve Driven by Secret Mining
The Kingdom of Bhutan has quietly become one of the top three countries with the largest government reserve in Bitcoin, reaching a total of $1.3 billion—nearly 40% of its GDP. Since 2020, instead of purchasing on the open market or confiscating bitcoins, Bhutan has clandestinely developed mining farms utilizing its surplus hydroelectric power. The profits from increasing Bitcoin values have been used to boost government salaries and strengthen reserves. This initiative forms part of Bhutan's strategy to integrate cryptocurrencies into its economy and tourism sector.
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AI Analysis
Bhutan's strategic move into Bitcoin mining demonstrates a forward-thinking approach to leveraging its abundant renewable energy resources. By avoiding the open market, the country mitigates potential...
AI Recommendation
Investors and analysts should keep a close watch on Bhutan's evolving position in cryptocurrency reserves, especially given its unprecedented scale relative to the country's GDP. This case exemplifies...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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