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

Bailey also predicts that more sovereign nations will purchase Bitcoin this year through sovereign wealth funds or other means. Currently, approximately 700,000 Bitcoins are held by entities related to Bitcoin securities.