Quote from: jbgsmininggmbh on April 28, 2023, 01:07:08 PM

TL;DR:

Bhutan has been secretly investing millions of dollars in cryptocurrencies like Bitcoin and Ethereum, revealed through the bankruptcy filings of BlockFi and Celsius.

I don't know where the Kingdom of Bhutan gets financial advice on cryptocurrency investment but I think they are not getting the complete information or are motivated by greed. Do they really need to use exchanges or crypto firms like BlockFii and Celsius to invest in or buy Bitcoin? All they would have done was to set up a governmental agency that will handle the mining, buying, storing, and selling of any cryptocurrency. Investing through these centralized exchanges or platforms is very risky.

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These investments could indicate a game-changing strategy for small nations, following a game theoretical point where smaller nations and companies adopt cryptocurrencies before larger ones.

The investment of Bhutam and other small nations might look insignificant based on the amount they can afford to invest. But this is a plus to the Bitcoin space because it will lead to an increase in awareness and adoption. These developing nations are seeking diverse means to diversify their economy and attract investors and capital.

Quote from: Who is John Galt? on Today at 10:45:39 AM

Bhutan plans to further develop the mining industry of its economy. In cooperation with Singapore's Bitdeer Technologies Group, Bhutan plans to build a 600 megawatt farm. For these purposes, they hope to attract $500 million from investors.

With such ambitious plans and opportunities to organize hydropower in the country, Bhutan can become one of the major players in the mining market in the world.

Bhutan is indeed setting the pace for other nations to follow. Hydropower electricity is not a totally clean and green energy but it is far better than using oil and gas powered electricity generators. I am surprised that is a relatively unknown country that is tapping into the benefits of bitcoin.