Bhutan Allocates 10,000 Bitcoin for Sustainable Development

TLDR

• Bhutan commits 10,000 Bitcoin to build Gelephu Mindfulness City.
• Bitcoin as a key national asset to drive Bhutan’s future development.
• Gelephu Mindfulness City will focus on green energy and sustainable industries.
• Bhutan’s Bitcoin pledge aims to empower youth and create job opportunities.
• Bhutan integrates digital assets and traditional values for long-term growth.

Bhutan has committed up to 10,000 Bitcoin to support the development of Gelephu Mindfulness City (GMC). This pledge, valued at approximately $860 million, is a strategic move to integrate digital assets into the country’s long-term development plans. Bhutan intends to use this resource to build infrastructure while preserving its value for future generations.

Bitcoin as a National Asset

Bhutan views Bitcoin not as a speculative investment but as a key national asset. The country will use this cryptocurrency to back its economic growth, specifically through the development of GMC. Officials have emphasized the long-term nature of this decision, with plans to explore options such as collateralized lending and treasury strategies to preserve value.

This move follows Bhutan’s history of using its abundant hydroelectric power for bitcoin mining. The country has been mining bitcoin for several years, utilizing surplus renewable energy. Bhutan’s leadership sees this as an opportunity to transform excess energy into a lasting national asset without harming the environment.

Gelephu Mindfulness City’s Role in Bhutan’s Future

Gelephu Mindfulness City will serve as a hub for technology, green energy, and sustainable industries. The city’s design includes a focus on finance, healthcare and high-value tourism, aiming to diversify Bhutan’s economy beyond hydropower and tourism. Located near the Indian border, it covers approximately 1,544 square miles, about 10% of the country’s land area.

The project also introduces an innovative approach to land ownership. Landowners in the region will be treated as shareholders, ensuring that the benefits of the city’s development are shared across Bhutan. This aligns with Bhutan’s core values of sustainability and social well-being.

A Long-Term Commitment to Bhutan’s Youth

King Jigme Khesar Namgyel Wangchuck framed the Bitcoin pledge as a generational investment. He emphasized that the initiative is designed to create jobs and opportunities for Bhutan’s youth. This commitment aims to provide meaningful work, cultivate new skills and strengthen the country’s long-term financial resilience.

Bhutan has recognized the importance of preparing the younger generation for a rapidly changing world. By integrating blockchain technology and digital finance into its economy, the country seeks to equip its youth with the tools for success in modern industries. This initiative is part of Bhutan’s broader strategy to blend traditional values with innovative technologies.

This pledge signifies Bhutan’s commitment to sustainable growth, ensuring that its resources, including Bitcoin, contribute to the nation’s future. The use of Bitcoin is integral to Bhutan’s broader blockchain strategy, which also includes crypto-enabled payments and digital identities.

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