Bhutan Makes $750M from Bitcoin Mining, Inspires Developing Nations
Bhutan has illustrated how Bitcoin and the mining process can bring forth tremendous revenue, with the country making $750M from mining Bitcoin. After being publicly condemned by governments worldwide, Bitcoin (BTC) emerged as a popular asset. Several developing nations have developed a new interest in cryptocurrency, with Bitcoin taking charge. Despite its modest GDP of $3 billion, the East Himalayan Kingdom of Bhutan has shown developing nations how Bitcoin mining can improve economies. According to a recent report by Arkham Intelligence, Bhutan was seen holding a staggering 13,029 BTC. This is worth about $758 million. Less than 900,000 people live in the nation, however, Arkham claims it is currently home to the fourth-largest state-owned BTC. Bhutan’s investment arm, Druk Holding and Investments holds 13,029 BTC, 656 Ether, and some BNB and Polygon. Currently, the total Bhutan crypto holdings amount to approximately $780 million in total crypto holdings. How Did Bhutan Get Its Bit...