Bitcoin king: Why is Bhutan betting on crypto? | Business and Economy News
For years, Bhutan has measured its economic and social development using uncommon currencies: happiness and sustainability.
But amid growing economic pains and a brain drain, the small, landlocked Himalayan kingdom is adopting a new emblem of progress, which is propelling Bhutan into a leading role, globally, in embracing financial innovation: Bitcoin.
Nestled between India and China, Bhutan – also the first country in the world to become carbon negative– has mined millions of dollars in the world’s most popular cryptocurrency in recent years, making an economic bet that almost no other country has, to the same extent.
So, why is Bhutan going big on Bitcoin? How is it mining the energy-intensive cryptocurrency? How much wealth in…
