Bitcoin should be hold before its price increases !

[laijsica]

I was very surprised to see the news that a small country like Bhutan holds over $780M in Bitcoin and will continue to increase in the future. It's the second country after El Salvador to officially hold Bitcoin. I'm more optimistic about how much Bitcoin value can skyrocket against the high demand. I think bitcoin is currently in its teenage years and its value will increase exponentially due to massive demand against its limited supply.



News Link: https://www.coindesk.com/markets/2024/09/17/bhutan-tiny-country-with-3b-gdp-holds-over-780m-in-bitcoin/

As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?

[electronicash]

i heard of this news before. its a wonder who could have gave their leader the advice to dive into BTC and mining. but it must be a convenient to have an investment where their government holds a BTC wallet and that this small country can stand in economic crisis while in the middle of 2 countries that are in conflict for some time about their borders.  one could say they are preparing for whats to come if shit hits the fan.  if this country has the military might, they could be dominating China and India.

2030 is out of the picture yet. we may need to see where the bull run this 2024 will take us first.

[Cantsay]

While some are trying to fight bitcoin some are accumulating and helping bitcoin ecosystem. This is the first time I’ve heard of this country (I’m not that interested in learning about countries) but for what they did I believe they deserve more recognition.

As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?

I don’t know the exact price it will be during that time but one thing is certain the price of bitcoin will have gotten to a new all time high during that time.

[Asiska02]

I was very surprised to see the news that a small country like Bhutan holds over $780M in Bitcoin and will continue to increase in the future. It's the second country after El Salvador to officially hold Bitcoin.

It is always good seeing more countries embracing bitcoin and also investing in them. It gives this hope that bitcoin will become more adopted in the future than what we see from it now. I never know of a country like Bhutan before, this is my first time hearing it and to see that it’s a small place, it shows how valuable bitcoin has become to them to have follow in the footsteps of El Salvador. We hope to see more adoption and demand for bitcoin by more countries, this enhance its mass adoption and use and can build more trust in the network.

As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?

2030 is a very long time from now and one cannot tell how well the bitcoin price will be at the time. It’s very likely that bitcoin will have increased in price more by that time. Maybe X2, 3, 4 or 5 by that time in comparison to its current price now. We would have had another bull run and bitcoin cycle already by then and already preparing and anticipating for another one at that time. That is a long time, no one can tell you what the price will be but can only speculate.

[bitterguy28]

I was very surprised to see the news that a small country like Bhutan holds over $780M in Bitcoin and will continue to increase in the future. It's the second country after El Salvador to officially hold Bitcoin.

let’s clarify a few things first of all unlike in el salvador, bitcoin is still not an official or legal tender in bhutan i am quite confused with what “officially hold bitcoin” means i am aware that many countries hold bitcoin but a lot of them are from seized funds from illegal activities while bhutan not only buys and holds bitcoin but they are also mining them

As a result of the increase in the demand for Bitcoin around the world, how much can the price of Bitcoin reach by 2030?

no one knows while i am optimistic that by that time bitcoin is still up and about i have really no idea about a specific amount all i am focusing right now is when will we finally hit the 100k mark

[Azharul]

Thank you very much for creating your best valuable topic in this moment. Because if we follow in cryptocurrency market, we can see that crypto currency market is also a little down now. Because we know that bitcoin price is also a little down. So i think that it is high time for invest or hold crypto currency in crypto market. So i believe that if you want to invest in bitcoin, i think it will be best profitable for you. Because we know that down market is very prefer for hold in cryptocurrency.

[Wiseman]

i heard of this news before. its a wonder who could have gave their leader the advice to dive into BTC and mining. but it must be a convenient to have an investment where their government holds a BTC wallet and that this small country can stand in economic crisis while in the middle of 2 countries that are in conflict for some time about their borders.  one could say they are preparing for whats to come if shit hits the fan.  if this country has the military might, they could be dominating China and India.

2030 is out of the picture yet. we may need to see where the bull run this 2024 will take us first.

When mining was profitable, many people got busy with it, including me, why wouldn't the government then take up such profitable investments and buy ASICs directly from China? I think that's what they did, then they mined bitcoins, sold them with double or triple profit, and the rest they just decided to store.

[hugeblack]

This is the first time I hear about Bhutan and it seems to be a developing middle income economy, $780 million is a small amount compared to the GDP of that country. In general I hope we see a good impact of Bitcoin for countries but its impact will be less on the country level.

[Jating]

Same here, I read that news and was surprise that a small country such as Bhutan has been holding Bitcoin and they have more than El Salvador. Perhaps their government really saw the potential of Bitcoin to be a good hedge against inflation and what's not.

For those who are interested, you can see the numbers here.



https://platform.arkhamintelligence.com/explorer/entity/druk-holding-investments

And they are also into Bitcoin mining, so I guess Bitcoin is really very profitable not just individually, but there could be governments around the world that secretly holds ton of Bitcoin.

[Bobcrypto]

The beauty of it all is the country investing interest in crypto whether it is a small or big investments. This investment venture of small country speaks of a continue world wide adoptions, awareness on cryptocurrency. I think Bitcoin is still on it's infant level, in the next 10 years, the global adoptions, awareness would have gone to the moon.
Obviously, Bitcoin Hold is a smart idea, and has the potentials for a huge returns both on short or Long term plans. Patience is the principle for Holding coins.

[0t3p0t]

Never heard of this and for me this is the best article or news I have ever read as of this post. I don't even know for so many years that Bhutan was one of those crypto friendly countries here in Asia and surprisingly they hold the most BTC that is not from authorities seizure but rather an investment so yeah good for that country hopefully we can see good news from them in the future regarding their governments investment effort in Bitcoin.

[hugeblack]

Same here, I read that news and was surprise that a small country such as Bhutan has been holding Bitcoin and they have more than El Salvador. Perhaps their government really saw the potential of Bitcoin to be a good hedge against inflation and what's not.

I hope these countries will help, but just like El Salvador, the impact of the experiment will not be clear or lead to changing people's lives. Therefore, if it is done through sovereign wealth funds such as the Norwegian or Saudi fund, then the impact will be greater on the price of Bitcoin and on these funds, which in turn support the economies of countries.

[Wiseman]

Never heard of this and for me this is the best article or news I have ever read as of this post. I don't even know for so many years that Bhutan was one of those crypto friendly countries here in Asia and surprisingly they hold the most BTC that is not from authorities seizure but rather an investment so yeah good for that country hopefully we can see good news from them in the future regarding their governments investment effort in Bitcoin.

We cannot know for sure how much and what they have, plus it is possible that they just have bitcoins lying around and are not working to increase fiat money capital, this is not a very good example for the country, the state should not just blindly believe in bitcoin, even though it is very popular.

[Jating]

Same here, I read that news and was surprise that a small country such as Bhutan has been holding Bitcoin and they have more than El Salvador. Perhaps their government really saw the potential of Bitcoin to be a good hedge against inflation and what's not.

I hope these countries will help, but just like El Salvador, the impact of the experiment will not be clear or lead to changing people's lives. Therefore, if it is done through sovereign wealth funds such as the Norwegian or Saudi fund, then the impact will be greater on the price of Bitcoin and on these funds, which in turn support the economies of countries.

It's going to be a long game though for this countries, just like what Bukele did for El Salvador. But once the bull run has commence or at least the price will hit $100k, then they could be in the biggest profits.

However, it going to be cyclical though, and I was under the impression that they should really looking at the bigger picture and be a long term holder and so only time can tell. Maybe after this bull run or the next two we might clearly see what this "sacrifices" have been to their country and their population.

[Baofeng]

Never heard of this and for me this is the best article or news I have ever read as of this post. I don't even know for so many years that Bhutan was one of those crypto friendly countries here in Asia and surprisingly they hold the most BTC that is not from authorities seizure but rather an investment so yeah good for that country hopefully we can see good news from them in the future regarding their governments investment effort in Bitcoin.

We cannot know for sure how much and what they have, plus it is possible that they just have bitcoins lying around and are not working to increase fiat money capital, this is not a very good example for the country, the state should not just blindly believe in bitcoin, even though it is very popular.

As far as I know it's a constitutional monarchy, so they have a king as a head of state and he has vested power. So it's hard to argue which is right or wrong with their government or head of state.

And even if they are wrong, you can't criticize the monarchy. Just ask yourself if you are also blindly investing on Bitcoin. Yeah it has been very popular and it is the prime mover and so we have seen it making us money in the last 10 years or so.