A report from Firstpost America confirms that the Kingdom of Bhutan has approximately one-third of its gross domestic product in Bitcoin.

The leading media outlet lauded Bhutan’s silent rise to relevance in the cryptocurrency scene after harnessing its abundant hydropower resources to mine the most valuable crypto asset. Bhutan is currently the fourth-largest government holder of Bitcoin, only behind the US, China, and the UK.

Notably, Bhutan’s GDP for 2023 was $2.9 billion, up 4.5% from the previous year. Of this, 28.6% ($831 million) were proceeds from its crypto mining activities, as the nation reaped bountifully from its diversification into the sector. 

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