Bhutan Makes a Major Bets on Bitcoin to Build a Future Economic Hub [Plain Language Summary] The Bhutanese government announced it will allocate 10,000 bitcoins (approximately $1 billion) to fund the construction of the "Glep Mindfulness City," officially designating it as a national economic engine. The country is utilizing its abundant hydropower resources for green mining and adopting a collateralized lending and yield strategy rather than direct sales, aiming to transform surplus energy into digital assets. This move, leveraging blockchain technology to empower tourism and identity systems, aims to increase employment, curb population outflow, and pioneers the deep integration of cryptocurrency into national development strategies by a sovereign state. For details, please see: hellobtc.com/kp/du/12/6167.htm...…
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