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Bhutan Makes a Major Bet on Bitcoin to Build Future Economic Hub
【Plain Language Summary】The Bhutan government announced a allocation of 10,000 Bitcoins (approximately $1 billion) to fund the construction of "Gleup Mindfulness City," officially making it the country's economic engine.
The country leverages abundant hydropower resources for green mining and adopts a collateral loan and revenue strategy rather than direct sales, aiming to convert surplus energy into digital assets.
This move empowers tourism and identity systems through blockchain technology, aiming to increase employment, curb population outflow, and pioneer the integration of cryptocurrency into national development strategies.
For more details, please see: