Bhutan's Crypto Reserve Could Pave Way for Economic Growth in Other Countries

Quick Summary:

Smaller countries could strengthen economic growth by attracting foreign investment and utilizing available renewable energy resources to mine bitcoin.

To ensure economic growth, it needs to attract more foreign investments, the report suggested.

Today, the country owns over 11,000 bitcoin, worth roughly $1.1 billion, according to data on Arkham.

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Article Details

Author / Journalist: Helene Braun

Category: Crypto

Markets: United StatesBhutanChinaCubaEl SalvadorIndiaNepal

Topics: Bitcoin Strategic Reserve Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 18:17:03 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 514 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25046980

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Main Topics: Crypto

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Headquarters: United States

News Last Updated: 11 hours ago

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