Bhutan—a small but prosperous nation nestled in the lap of the Himalayas—has now made its presence felt in the digital world. While many countries are still formulating rules and regulations for Bitcoin, Bhutan has not only embraced cryptocurrency but has also set a new example by linking it with environmentally friendly ‘green energy’.
This strategy of Bhutan is not only a big step towards strengthening the economy, but also shows how a balance can be established between technology and the environment.
Table of Contents
- Bitcoin and Bhutan: A Unique Pairing
- The Green Bitcoin Vision
- The $500 Million Bitdeer Partnership
- Bhutan’s Energy Wealth: Water is Gold
- Empowering the Youth Through Tech
- Global Comparison: A Lesson for the World
- Conclusion: Bhutan’s Silent Revolution in the Digital Age
Bitcoin and Bhutan: A unique pair
Druk Holding and Investments (DHI), the institution that manages Bhutan’s state assets, quietly entered the crypto world in 2019 itself. They started investing in Bitcoin and other digital assets. According to reports, the Bhutan government even paid the salaries of employees from crypto profits for two years!
While many countries consider Bitcoin volatile and risky, Bhutan saw it as an economic opportunity—and most notably, it used 100% of its hydropower energy for crypto mining, earning it the name ‘Green Bitcoin’.
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$500 million partnership with Bitdeer
The next step in Bhutan’s ambitious plan was a partnership with global crypto mining company Bitdeer (founded by Bitmain co-founder Zhan Ketuan). Under this partnership, a $500 million (approximately ₹4200 crore) Green Crypto Fund has been created.
The fund aims to build large-scale Bitcoin mining data centers in Bhutan that will be powered solely by hydropower. This will not only make proper use of the country’s electricity, but will also become a source of digital earnings without harming the environment.
Bhutan’s energy power: Water is wealth
Bhutan is rich in natural water resources. Almost all of the electricity here comes from hydropower, and it is estimated that the country’s hydropower potential is about 30,000 megawatts—only a small part of which has been used so far.
This means that they do not need any polluting sources like coal or gas for crypto mining. Bhutan is probably the only country in the world that is not only talking about ‘100% Green Bitcoin’, but is also implementing it.
New direction and employment for youth
More than 70% of Bhutan’s population is youth. But in the last few years, thousands of youth migrated abroad because there were not enough jobs in the country. Now the government plans to promote the crypto and blockchain industry and train the youth in the country itself.
A new digital labor force is being prepared within the country by training in areas like AI, data center management, blockchain development. Its objective is to get global recognition for “Made in Bhutan” tech talent.
The world needs to learn from Bhutan
While the US, India and European countries are banning or taxing Bitcoin mining, Bhutan has chosen the path of adopting it responsibly. They have chosen a sustainable and eco-friendly solution by staying away from polluting means.
This way Bhutan has not only become a crypto-friendly country, but has also shown that technology and nature can go together—if the intention is clear and the strategy is made wisely.
Conclusion: Bhutan’s “quiet” but powerful entry into the world of Bitcoin
Bhutan has quietly and quietly set an example of a permanent, sustainable and smart investment in the crypto world. This initiative will not only empower its people economically, but will also show a new way of how the digital world and green energy can go together.
If other small countries also adopt the thinking and strategy like Bhutan in the future, then the conflict between technology and environment may end—and revolutionary technology like Bitcoin can become sustainable and beneficial for everyone.
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