Bitcoin King: Why bet on Kriptovaluta? | Business and economic news

Over the years, Bhutan measured the economic and social development using unusual currencies: happiness and durability.

However, a new progress emerges a new progress emerging in a role in a role, which is growing economic pain and brain drainage, small, homeowners, Bhutan, Bhutan, worldly financial innovation: Bitcoin.

Nestled between India and China, Bhutan also made millions of dollars in the world’s most popular cryptos in the world in recent years to negative the world, almost another country.

Why is Bhutan going big on Bitcoin? According to the energy intensive cryptocurrency? How much is the country holding in Bitcoin? And it is the action he moves, given Wild fluctuations in prices Did these years witness a digital currency?

What is Bitcoin and how is it?

Bitcoin, the first centralized, peers created in 2008, is not managed by any government.

People can pick up and sell cryptists like Bitcoin and these operations are marked in a booklet shared called a blockchain. This is about 21 million, about 21 million, bitcoins that can exist about 21 million. The majority of these coins were mined and about 1 million.

Bitcoin Mining is the process that new plants are officially added to the blockbox. Up to Mina, Bitcoin must solve a sophisticated puzzle with an energy-paradise supercomputer. This adds a new digital coin to circulation.

How is Bhutan Mining Bitcoin?

Bhutan, Bhutan, Bitcoin will be added with Bitcoin to be rewarded with Bhutan solving complex problems.

“This is a simple strategic choice that many people do and have made billions of dollars, and they think that the governments said,” said Bhutan Prime Minister Tobgay, told Tobnare to Tobnare Bernard Smith in Thimphu in March.

Tobgay, more water flow and hydropower plants produce more energy than the summer months.

“That’s where Bitcoin’s stomach has made a great meaning,” Tobgay said.

Why does Bhutan face the economic crisis?

The country is among the economic problems, and Bitcoin Mining is among a number of steps of 800,000 people to fight the crisis.

Although the country has no access to the sea, although it is a few,38,000 sq km (14.672 sq miles) – this is as large as Switzerland, most of these lands are not created due to the mountainous area. Bhutan imports most of the food from India described by Tobgay’s kingdom as “closest friend and neighbor.”

The International Monetary Fund (IMF) General Inland Product (GDP) was $ 3.52 billion in 2025. Based on this, tourism is about 3.4 percent of the country’s GDP. However, after shaking the Coven-19 industry, Bhutan struggled to withdraw people to visit the mountains, forests and Buddhist shrines.

Bhutan has been held in a long time that several tourists have ensured that the pristine environment is not affected by a higher image than it can handle. It pays a $ 100-resistant development fee for foreign tourists. The only exception of this rule is tourists who have to pay $ 15 from India. Tobgay said that the vision of the vision “highly valuable and low-level” tourists.

But now Bhutan struggles to get a limited number of tourists. According to TOBGAY, about 300,000 tourists can be held every year in the country.

“I think about 150,000 tourists visited last year,” he said.

According to the World Bank, the unemployment rate of Bhutan Youth was not 19 percent. According to the World Bank, in 2023 in 2023, the unemployment rate of global secondary young people was 13.6 percent.

How can Bitcoin fight with Bhutan economic problems?

One of the most powerful symptoms of the Bhutan crisis is that young and educated people in recent years are going to other countries – and their departures unite only the country’s economic struggle.

Alone in 2022 More than 10 percent Bhutan qualified and educated people left the country. One of the largest countries, Australia, the population of Bhutan did not increase the population of the Immigrant between 2016-2021 and twice in five years.

“We have a job in Bhutan, but they are unable to compete against the salaries that they can earn in other places in developed countries,” Tobgay said.

This brain drain was also exhausted by Bhutan government services. The number of civil servants from civil servants from system services since 2019, the number of civil servants continued to increase by 2023, the state-funded Bhutan Broadcasting Service (BBB) ​​was reported in April 2024.

Bitcoin, as Bitcoin’s help was aid, in 2023, the Bulan government, Kriptokurrani, which is $ 100 million to double the salaries of civil servants, Al Jazeera’s Smith’s Thimphu said.

Since then, BBS has left their jobs and said that officials are a marginal decline. In the first quarter of 2024, 500 civil servants resigned in 2023 compared to about 1,900 resigned in the same period.

How much Bitcoon catches Bhutan?

Bhutan did not officially reveal how much it was kept in Crypto.

However, Blychain’s reconnaissance is followed by Arkham, Bhutan Bitcoin Holdings More than $ 600 million As of April 9, the Kingdom is about 30 percent of GDP.

Arkham’s data show that Bhutan, Ethereum and Linha have other cryptos, including. Despite the holdings of the kingdom of these currencies, it is smaller than Bitcoin.

Bhutan King, Jigme Khesar Namgyel Wangchuck, will have invested in digital infrastructure for a long time.

“Being a small nation creates a wise nation – this is not a choice, but not necessarily,” the king said in an address in 2019. “Technology is an invaluable tool that is necessary to implement this request.”

Is Bhutan Bitcoin steady?

Bitcoin is one of the few enterprises that allow you to develop the economy while aligned with values ​​of Mining, Bhutan, Constitutional Monarchy, as a country.

The number of investments in Bhutan is very limited due to the restrictions of the ADF research fund, to focus on the number of 60 percent of the forest coating and the environmental research fund (ORD)).

This restriction also spoke about Prime Minister Tobgay.

“We thought to be very careful about foreign direct investment,” said Tobgay. “We will damage the industry, culture, which will harm the environment, which will disrupt our culture.”

Whatever Bhutan does, cryptocurrency is cultural and natural resources, Orfun Shivamurthy said.

The capital, Thimphu and other regions, it has cold temperatures, reduces the need to use the cooling systems needed to prevent excessive heating of supercomputers. According to the World Bank, the average temperature in the country remains between about 15-30 degrees Celsius (59-86 degrees Fahrenheit).

It produces more hydropower than the country consumes.

“Mining Bitcoin, as part of our investment portfolio, Ujwal Deep Dahal, CEO of Dache, Druk Holding and Investment, Bhutan Bhutan Bitcoin, a commercial and investment branch of Bhutan,” Ujwal Deep Dahal “.

Bhutan exports a hydroelectric power plant to India. But Bitcoin Mining gives an alternative to exports of Bhutan. The tariff rates sells power to India where they are good. Prices are not good in projects that prices protect the power of Bhutan, instead of Bitcoin mine, Sivamurthy explained.

“Instead of exporting (water electricity), Bhutanese high mountains,” Tenzing Lamsang, “Tenzing Lamsang, the editor-in-chief of the Bhutan newspaper, said Al Tutanese newspaper.

As a result of the mining, the country is building a special administrative region and economic center, combine Gelephu’s ideals of welfare with the city of mindfulness, sustainability and commercial development. It is a city development project that has city, low-rise buildings, sustainable enterprises, residential areas, national parks and wildlancing shrines.

Other Governments Mining Bitcoin?

Although governments are careful about Bitcoin in the early days, many are now to change their approach.

On March 6, the United States President Donald Trump established A Strategic Bitcoin Reserve. In addition to the United States, El Salvador is about $ 550 million in Bitcoin, the government was announced on March 5.

Other governments, such as the Central African Republic and France, are beginning to recognize Bitcoin as a legitimate tender.

On April 7, Pakistan has appointed the founder of the building with the largest critical exchange of crypritism in the global scale Changpeng Zhao Adviser to Pakistan Crypto Council (PCC), A regulatory body established in March, because the country is trying to place itself as a cryptist in South Asia.