Bhutan puts $539M Into Bitcoin mining – What’s this mean?

Hello everybody,

So Bhutan has put a giant chunk of its cash, $539 million, into mining Bitcoin from July 2021 to June 2023. They wish to promote what they mine to construct up their cash reserves. This can be a lot trigger their GDP is even lower than $3 billion. They’re utilizing their good, low cost electrical energy and funky climate, and even their central financial institution is all for it.

I’m questioning:

• What’s good or unhealthy a few small nation like Bhutan going huge into Bitcoin mining?
• What does it imply when a rustic makes use of its personal cash and authorities assist to get into Bitcoin mining?

Eager to listen to what you guys suppose!

https://preview.redd.it/ajoc7no2mryc1.png?width=916&format=png&auto=webp&s=1830d5d5e9227e7b2c4566f9c4f17d9acebafaf6

https://preview.redd.it/s6yiemo2mryc1.png?width=979&format=png&auto=webp&s=caafdac45101df389c55a23864ed0ab0e7174d3e