David Bailey, the CEO of Bitcoin Magazine, emphasized in a recent interview the growing adoption of Bitcoin by countries and institutions. The data he shared indicates that approximately 50 countries are participating in Bitcoin mining through public-private partnerships. Some countries have already achieved mining scales in the hundreds of megawatts or even gigawatts. For instance, Bitcoin mining revenue in Bhutan now accounts for more than 50% of its GDP.

Bailey also predicted that more sovereign nations will purchase Bitcoin this year through sovereign wealth funds or other means. Currently, about 700,000 Bitcoins are held by securities related to Bitcoin, and this number is expected to rise significantly.