Himalayan nation amasses $1.3 bn crypto fortune – Firstpost
Bhutan proudly boasts bitcoins worth $1.3 billion, an amount totalling 40 per cent of the country’s gross domestic product
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Bhutan, the peace-loving Himalayan nation, is generally associated with picturesque landscapes and a carbon-negative footprint. However, the South Asian nation now proudly boasts bitcoins worth $1.3 billion, an amount totalling 40 per cent of the country’s gross domestic product.
Cryptocurrency platform Arkham reports that this is the third-largest such stockpile held by governments around the world.
When did Bhutan’s crypto journey begin?
The journey began in 2020 when Bhutan, where cheap electricity is abundant, began discreetly establishing bitcoin mines.
The secluded Buddhist nation was eyeing to…
