Bhutan’s $1.1B Bitcoin Reserves Earn CZ’s Approval at TOKEN2049

CZ praises Bhutan at TOKEN2049 for its national Bitcoin reserve and long-term crypto strategy. Bhutan’s Gelephu Mindfulness City adds BTC, ETH, and BNB to sovereign financial reserves. Bhutan mined Bitcoin with clean hydropower since 2019, now holds over $1.1B in BTC assets. At the TOKEN2049 conference in Dubai, Binance co-founder Changpeng Zhao (CZ) commended Bhutan’s strategic initiative to incorporate cryptocurrencies into its national reserves, highlighting the country’s forward-thinking approach to digital asset adoption. When talking about strategic reserves, he said that “there are a few countries that are very advanced already… like Bhutan.” He added that Bhutan has quietly mined Bitcoin with clean energy for years, effectively accumulating a national BTC reserve. Bhutan Emerges as a Crypto-Forward Nation in Asia This isn’t the first time CZ is using Bhutan as an example. In January this year, he praised Bhutan for being open-minded when it comes to cryptocurrencies, saying it is a smart move by the country to attract crypto companies, investments, and innovation. The country’s adoption of cryptocurrencies as part of its national… The post Bhutan’s $1.1B Bitcoin Reserves Earn CZ’s Approval at TOKEN2049 appeared first on Coin Edition .

Source: Coin Edition