Bhutan’s $1.3 billion Bitcoin reserve highlights its crypto leadership
Bhutan’s sovereign BTC holdings rank third in the world, behind only the United States and China.
A small Buddhist kingdom outdoes the entire G20 in digital asset strategy! This shows what happens when a country views Bitcoin as a long-term investment rather than a gamble. The country has secretly built up a strong Bitcoin reserve, which is currently worth about $1.3 billion, accounting for nearly 40% of the country’s GDP.
Data shows that Bhutan is one of the top three countries in the world in terms of sovereign Bitcoin holdings, behind only China and the United States. The country has partnered with DK Bank and Binance Pay to launch a revolutionary cryptocurrency payment system for tourists. Through this new system, tourists can use digital cash to pay for everything from food and crafts to accommodation and visas. This is the first time in the world that such a payment system has been implemented nationwide. Bhutan’s emphasis on innovation, happiness, and green energy is proving to the rest of the world that cryptocurrencies can be used for good.
