Bhutan Prime Minister Calls for Global Adoption of Bitcoin Mining

Facing economic challenges such as youth unemployment and outmigration, the Prime Minister of Bhutan proposes that governments globally embrace Bitcoin mining. He sees it as a strategic solution to bolster the country’s economy despite potential volatility risks associated with cryptocurrencies. The Himalayan kingdom is exploring this opportunity with state-backed Bitcoin mining projects, potentially using its abundant hydropower resources for energy-intensive mining operations.