The Kingdom of Bhutan has launched the Bitcoin Development Pledge program. Authorities will allocate up to 10,000 BTC (approximately $1 billion) to support the national economy.
The key goal of the program is the construction of Gelephu Mindfulness City (GMC), an economic hub in the south of the kingdom focused on innovation.
In the coming months, the government will approve an asset management strategy. Options for using Bitcoin as collateral are being considered, as the priority remains the preservation of capital and its purchasing power for future generations.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Kingdom of Bhutan has launched the Bitcoin Development Pledge program. Authorities will allocate up to 10,000 BTC (approximately $1 billion) to support the national economy.
The key goal of the program is the construction of Gelephu Mindfulness City (GMC), an economic hub in the south of the kingdom focused on innovation.
In the coming months, the government will approve an asset management strategy. Options for using Bitcoin as collateral are being considered, as the priority remains the preservation of capital and its purchasing power for future generations.