Just caught up on something wild - Bhutan has apparently dumped 70% of its bitcoin stash over the last year and a half. That's a pretty aggressive exit for a country that was supposed to be bullish on crypto.



What's even more interesting is they might have stopped their bitcoin mining operations too. Like, Bhutan was actually running legit mining farms powered by their hydroelectric energy, which seemed like the perfect setup. Now they're just... not doing it anymore?

Makes you wonder what changed their mind. Were they facing pressure? Did they need the cash? Or maybe they just realized the mining economics weren't working out as expected. Either way, it's a pretty significant shift from a country that was supposed to be a bitcoin believer.

The whole thing is a good reminder that even governments can flip on crypto pretty quickly when circumstances change.
BTC-0.01%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin