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Bhutan's Bitcoin Holdings Reach $1.3 Billion, Nearly 40% of GDP
Summary: In a tweet, CEO of SatoshiActFund Dennis Porter shared an article from The Wall Street Journal today. The article revealed that Bhutan's Bitcoin holdings have now reached $1.3 billion, nearly 40% of the country's Gross Domestic Product (GDP). The Himalayan nation, known for its Gross National Happiness Index rather than technological innovation, quietly started mining ...
In a tweet, CEO of SatoshiActFund Dennis Porter shared an article from The Wall Street Journal today. The article revealed that Bhutan's Bitcoin holdings have now reached $1.3 billion, nearly 40% of the country's Gross Domestic Product (GDP). The Himalayan nation, known for its Gross National Happiness Index rather than technological innovation, quietly started mining Bitcoin in 2020. Five years later, Bhutan has become the third-largest holder of Bitcoin reserves among governments. Ujjwal Deep Dahal, head of Bhutan Royal Holdings and Investment Company, stated, 'For Bhutan, this is evident in many ways.' Porter called this development a 'milestone in the cryptocurrency space,' highlighting Bhutan's hydro-powered mining strategy and its long-term vision for digital assets.
