Bhutan's Unique Approach to Bitcoin: A Sustainable Future
Finance/Policy/Tech

Bhutan's Unique Approach to Bitcoin: A Sustainable Future

Exploring how Bhutan, one of the largest sovereign holders of Bitcoin, is incorporating cryptocurrency into its economic framework centered around happiness and sustainability.

Bhutan's Unique Approach to Bitcoin: A Sustainable Future

Bhutan is one of the largest sovereign holders of Bitcoin. It is charting its own course in the world of cryptocurrencies, embracing them as tools for its sustainable development strategy.

A Country with a Different Focus

Located in the Himalayas, Bhutan measures success not just in terms of GDP, but through Gross National Happiness (GNH), emphasizing the well-being of its citizens.

Under the guidance of King Jigme Khesar Namgyel Wangchuck, Bhutan is weaving blockchain technology and Bitcoin into its development narrative. A prime example is the "Mindfulness City" project in Gelephu, integrating modern technology with cultural preservation.

Bitcoin Mining: A Quiet Revolution in the Himalayas

The nation has taken innovative steps in Bitcoin mining through Druk Holding and Investments (DHI) and Green Digital Limited (GDL) since Bitcoin prices were around $5,000. Today, Bhutan holds over $1 billion in Bitcoin reserves, positioning itself strategically within the cryptocurrency landscape.

The Mindfulness City Initiative

The upcoming Mindfulness City seeks to create a balance between economic growth and the preservation of Bhutan's unique cultural and natural environment. It aims to foster local opportunities and retain Bhutanese youth within the nation.

In this evolving landscape, Bhutan acts as a model for small nations, showcasing how technology can benefit humanity while maintaining a commitment to sustainability and cultural identity.

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