Bitcoin Adoption Soars: From Nations to Companies, Here’s Why

Bitcoin’s adoption by nations and institutions is experiencing a surge, as revealed by PANews, a source cited by Bitcoin Magazine CEO David Bailey in a recent interview. Bailey shared data indicating that nearly 50 countries are currently involved in Bitcoin mining through public-private partnerships, some reaching mining scales of hundreds or even gigawatts. Notably, Bhutan’s Bitcoin mining revenue now accounts for over 50% of its GDP. Bailey also predicts an increase in nations acquiring Bitcoin through sovereign wealth funds or similar mechanisms this year. Around 700,000 Bitcoins are currently held within Bitcoin-related securities, a figure expected to grow substantially. Furthermore, companies like MicroStrategy are adopting asset securitization strategies to acquire Bitcoin. More than 200 firms have already utilized this method, and its adoption is anticipated to expand further in the coming years.