In a bold, almost cinematic twist, Bhutan's Prime Minister Tshering Tobgay has come forward to call Bitcoin mining a "simple strategic choice" for governments.
In the realm where macroeconomic strategy meets technological innovation, few tales are as intriguing as that of Bhutan. The small Himalayan kingdom, typically recognized for its Gross National Happiness index and breathtaking landscapes, is now sending shockwaves through the crypto world.
While the U.S. SEC has been busy clarifying that Bitcoin mining isn't subject to securities regulations, heating up global mining competition, Bhutan has already entered the game with renewable power, potentially putting it ahead of more resource-heavy competitors.
As reported by Al Jazeera, Prime Minister Tshering Tobgay has called Bitcoin mining a “simple strategic choice” for governments, a statement that might leave some surprised. But when considering Bhutan's economic context, the decision makes stark sense.
With an abundance of hydropower, especially during summer months, and a strong interest in clean, renewable energy sources, the nation can capitalize on an untapped resource.
“People have made billions doing this. Why shouldn’તી
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