The increasing adoption of Bitcoin among countries and institutions, as the CEO says

AI Summary

According to PANews, David Bailey, the CEO of Bitcoin Magazine, confirmed the increasing adoption of Bitcoin by countries and institutions during a recent interview. He shared data indicating that about 50 countries are now participating in Bitcoin mining through public-private partnerships. Some countries have achieved mining metrics reaching several hundred megawatts or even gigawatts. For instance, Bitcoin mining revenues in Bhutan now represent more than 50% of its GDP.

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

Moreover, Bailey noted that companies like MicroStrategy are increasingly adopting asset securitization strategies to acquire Bitcoin. Approximately 200 companies have already implemented similar strategies, and this trend is expected to expand further in the future.