Bhutan's Bitcoin Bet: 12,000 BTC Now 40% of GDP!
Bhutan, the serene Himalayan kingdom, is making a bold move in the world of cryptocurrency! According to Odaily, the nation is strategically leveraging its substantial Bitcoin holdings to offset a dip in tourism revenue and bolster government spending.
And get this: Bhutan currently holds an estimated 12,000 BTC, a staggering amount that now accounts for a massive 40% of its Gross Domestic Product (GDP)! This incredible reserve solidifies Bhutan's position as the third-largest holder of Bitcoin globally.
What does this mean for Bhutan and the wider crypto landscape? It's a fascinating development that showcases a sovereign nation embracing digital assets on an unprecedented scale. Could this be a glimpse into the future of national treasuries?
