Bhutan has been secretly investing millions of dollars in cryptocurrencies like Bitcoin and Ethereum, revealed through the bankruptcy filings of BlockFi and Celsius.
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.
Bhutan has shown interest in the crypto world, partnering with Ripple for a central bank digital currency pilot program and hosting blockchain advocates in 2020.
This is a big surprise in the Crypto community it should have been rich countries like Japan or the middle east but Bhutan, I have to Google where Bhutan is and its economic condition, whoever recommends investing in Bitcoin is a genius and deserves to have a position in the kingdom of Bhutan.
I wish my country is like Bhutan but it was met by negativism, although our country is now more open to adopting Cryptocurrency it's the private companies that push it to get adopted because of the taxes the government will receive.
There could be many more Bhutan-like countries that are not yet discovered, it's a mere incident that they are discovered this is indeed a good move.