Can small nations like Bhutan benefit from secret crypto investments as a gam...

vashuotwal

Bhutan's undisclosed investments in cryptocurrencies could signal a strategic move for small nations seeking to gain an edge in the global economy. By covertly embracing cryptocurrencies like Bitcoin and Ethereum, Bhutan appears to be following a game-theoretical approach, wherein smaller nations and companies adopt innovative technologies before larger entities. These investments, revealed through bankruptcy filings of BlockFi and Celsius, highlight Bhutan's interest in the crypto world. The kingdom has previously engaged in partnerships with Ripple to explore a central bank digital currency and has actively hosted discussions with blockchain advocates. If Bhutan's investments are indeed made through its $2.9 billion sovereign investment arm, Druk Holding & Investments, it would set a precedent for other nations to directly own cryptocurrency. This trend of smaller nations embracing cryptocurrencies may eventually lead to broader adoption and significant transformations within the global financial landscape.

jatin

Bhutan has implemented a forward-thinking policy to promote the economic development of the kingdom by engaging in Bitcoin mining and expressing interest in Ethereum mining. This strategic approach is bolstered by the fact that Bhutan derives nearly 100% of its energy from renewable sources, making their mining operations environmentally friendly and highly lucrative. Notably, Bhutan's focus remains solely on mining activities, without involvement in trading. By selling the mined bitcoins, they effectively cover all their mining expenses. Overall, Bhutan's initiatives in this field are commendable and bring positive prospects for the country's future.

Cric1234

Bhutan's proactive approach in embracing advanced technology early on is commendable, as it positions them favorably to reap significant benefits when larger nations eventually follow suit. Following in the footsteps of countries like El Salvador, Bhutan could further enhance its tourism industry by considering the adoption of the latest technology as an official currency.