Bhutan's $1B Bitcoin Pledge for Mindfulness City

Bhutans Bold Bitcoin Pledge: A New Economic Hub in Gelephu Mindfulness CityBhutan announces a groundbreaking commitment of up to ten thousand Bitcoin, valued at approximately one billion dollars, to develop Gelephu Mindfulness City. This initiative, led by King Jigme Khesar Namgyel Wangchuck, aims to create a new economic hub, foster job creation, and enhance national resilience. The Bitcoin, held explicitly for the citys benefit, will not be sold but managed for long-term value appreciation. Bhutans embrace of blockchain technology, initiated with Bitcoin mining using hydroelectric power, has positioned it as a global leader in digital asset management.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.