Bhutan’s Bitcoin Move Sparks Questions About Price Impact

The Royal Government of Bhutan has transferred 121.89 BTC worth $13.5 million to a new wallet, sparking debate about its potential effect on the broader cryptocurrency market. While this move represents a sizable financial transaction for the country, analysts believe it won’t significantly impact Bitcoin prices. The amount is relatively modest compared to the overall scale of exchanges like Binance and Kraken, which exhibit depth levels that are far lower.