While the United States has adopted Bitcoin reserves, other countries have similar concerns.
Notably, Bhutan , a South Asian country, has strategically positioned Bitcoin as a pillar for national development.
Bhutan Uses Bitcoin to Fund Public Services and Salaries
Bhutan holds more than $1.1 billion in Bitcoin , making it the fifth- largest cryptocurrency holder. The country also mines Bitcoin using its abundant hydroelectric power to generate revenue.
Bhutan is not only investing in Bitcoin but also using it to fund public services . Prime Minister Tshering Tobgay revealed that BTC reserves have supported many of the country’s public programs.
“ We have used Bitcoin to provide free healthcare and support environmental protection efforts, but the most important use is to pay civil servants ,” he shared in an interview with Al Jazeera.
A unique economic advantage
Bhutan sees Bitcoin as a practical economic tool, taking advantage of abundant renewable energy resources to mine BTC at low cost, generating revenue without depending on traditional exports .
In addition to Bitcoin, Bhutan also plans to diversify into blockchain technology for future development.
