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After BNB, BTC, and ETH: Bhutan Government Sets Eyes on Emerging Crypto Investments
- Bhutan is looking to become a leader in the crypto space through strategic investments in digital assets and green Bitcoin mining operations.
- Bhutan’s focus on cryptocurrencies and its green energy-driven Bitcoin mining operations could act as a catalyst to initiate a competition among pro-crypto nations like El Salvador and the United States.
- Bhutan is known for its focus on Gross National Happiness and has quietly emerged as a surprising player in the global crypto adoption landscape.
- Bhutan’s journey into cryptocurrencies began quietly but decisively when in 2019, the Bhutanese government’s investment arm, Druk Holding & Investments (DHI), officially stepped into Bitcoin mining activities.
- Mining Bitcoin with hydroelectric power made Bhutan the most environmentally friendly Bitcoin miners in the world.
- Gelephu Mindfulness City (GMC) has taken Bhutan’s pro-crypto approach a step further by adding Ethereum ($ETH) and Binance Coin ($BNB) in its strategic reserves, along with Bitcoin ($BTC).
- Bhutan's stable hydroelectric power ecosystem provides a predictable, low-cost solution for Bitcoin mining companies.
- Bhutan may consider investing in emerging cryptocurrencies that align with its sustainability goals and economic vision.
- Bhutan’s strategic embrace of blockchain technology aligns with its focus on Gross National Happiness, emphasizing sustainable development, social equity, and environmental stewardship.
- As a pro-Bitcoin country, Bhutan can attract blockchain startups and DeFi projects. Crypto investment decisions by Gelephu Mindfulness City offer a tangible example of how cryptocurrencies can be integrated into urban planning and economic policy.
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