Bhutan relies on green cryptocurrency and collects $ 600 million in Bitcoin
- Bhutan invests $ 600 million in Bitcoin and uses hydropower for green cryptomining. This creates jobs and sustainable growth.
- The Himalayan nation, which grants priority to the “gross national happiness” before GDP, is to transfer the principle of sustainable notification to digital finances.
Bhutan has acquired over $ 600 million in Bitcoin and at the same time advanced a strategy for digging green cryptocurrency with the help of its hydropower resources. The Himalayan nation, which is known for giving priority to gross national happiness before GDP, is now positioning itself as an important player in the area of sustainable digital finances.
By using clean energy for crypto mining, Bhutan wants to grow his economy, counteract the increasing youth unemployment and reduce the dependence on conventional sectors such as agriculture and tourism.
Bhutan’s energy supply is based exclusively on hydropower, a special advantage that enables the country to produce digital assets with minimal CO2 emissions. The state fund Druk Holding and Investments started buying and mines in 2019.
The fund manages the country’s only energy supply company. Loud Sources, who are familiar with Bhutan’s financial strategies, the fund has since built up a portfolio that contains considerable Bitcoin stocks that are estimated at over $ 600 million.
Dhi-CEO Ujjwal Deep Daal confirmed the fund’s interest in the use of hydropower to produce digital coins. He pointed out that a coin is made less with fossil fuels elsewhere for every coin. Daal told Reuters.
“We are a nation that works 100 % with hydropower. Any digital coin that we shape prevents one that would be generated by carbon -intensive processes.”
Cryptocurrency and economic diversification
The Bhutanian government relies on cryptocurrencies as a means of economic diversification. Officials say that profits from previous crypto systems have already been used to finance public expenses, including government salaries in difficult financial times. In addition, the country is considering selling its green coins to global companies that are interested in ESG goals.
Since compliance with ESG goals for multinational companies becomes an important factor, Bhutan’s mining model based on clean energy could enable companies to compensate for their carbon footprint caused by cryptocurrency. The government considers it possible to become a provider of low -emission coins for buyers who are interested in long -term and safe investments.
Brain Drain and Blockchain – a domestic challenge
The acceptance of technology in Bhutan also affects a domestic problem: emigration of young people. In 2024, 771 young people were unemployed in Bhutan, a situation that increased to 16.5 % in 2024, especially due to the migration of over 1000 young people, looking for better job opportunities.
In this context, the Japanese government has financed initiatives for digital skills through the responsible ministries that are geared towards blockchain and artificial intelligence with the aim of creating employment opportunities and controlling the emigration of human capital.
It was assumed that the attraction of new industries would remain more qualified young people in the country and that it is possible to train workers who are suitable for building a new type of economy, for example a digital economy.
Bhutan currently generates about 3.5 GW electricity from hydropower, but the usable resources can be increased to 33 GW. Experts point out that the expansion of the electricity infrastructure is crucial for the further development of mining and continuation of the Bitcoin scenario in the country.
Bhutan is already an actor on the cryptom market with an investment in bitcoins worth $ 600 million and clean energy to support the initiative. Despite these factors, there is a potential for regulatory security and the willingness of the infrastructure for green cryptocurrencies, which demonstrates a relocation towards a more resistant economy in the future without violating the environment.
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