Bitcoin should be hold before its price increases !

[Hamza2424]

Hmm, TBH I won't support this that governments should get involved in the mining activity, yup a pro-mining policy for the private investors is an exception as close to me in Bhutan's case it's a small country but if there's any other more populated country it is going to be the waste of energy resources which can be used in other sectors, A Bitcoin accumulation strategy is going to be more efficient rather than mining Bitcoins directly.

[legend45]

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.

Yes I agree with bitcoin hodl because it is a good way to invest, we know that by holding bitcoin we will protect the value of our assets from inflation. And we can benefit from it because the price of bitcoin will be more expensive. All have been proven for the past 10 years so there is no doubt in doing so.

Hmm, TBH I won't support this that governments should get involved in the mining activity, yup a pro-mining policy for the private investors is an exception as close to me in Bhutan's case it's a small country but if there's any other more populated country it is going to be the waste of energy resources which can be used in other sectors, A Bitcoin accumulation strategy is going to be more efficient rather than mining Bitcoins directly.

I also do not agree with the government regulating mining. But maybe the government has its own policy to regulate it. Because the energy needs are quite large. If we talk about Bhutan, which is a small country, it may not have much influence, but in a large country it will have an influence. Because the energy needs of a large country are quite large and this requires the government to regulate it.

[JoyMarsha]

This is very interesting news to believe that a small nation like Bhutan is stacking up to $780 million in Bitcoin. The said amount invested in Bitcoin represents nearly one-third of Bhutan's GDP(the GDP of Bhutan is $3 billion), making it one of the largest holders of Bitcoin in the world.

My thoughts are that if a small country can amass a huge amount of Bitcoin, that means they have seen the potential benefits/boost Bitcoin can bring to their economy.

[TomPluz]

With its move to accumulate Bitcoin, this small country of Bhutan must have seen the future where Bitcoin will really shoot up in value and can even be valuable and more scarce than gold. Bhutan can then add Bitcoin to its official reserve currency. While other countries are selling their seized Bitcoin, Bhutan is doing the opposite and I know that Bitcoin enthusiasts all over the world do appreciate this decision of this country to hodl and even add more Bitcoin.  I am hoping Bhutan can add this fact on their tourism promotion...welcoming people to one of the Bitcoin-friendly countries in the world.

[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.

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.

Here we can discuss whoever we want and we do it, we don’t blame anyone but we reason, I doubted that this could be, but still, if there is a monarchy then everything is clear, the king’s money = the people’s money) the king is also a person and can also simply believe in something and not take anyone into account, maybe if I were the king of some country I would probably do the same)))

[gunhell16]

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.

Yes, it's around 13 000 bitcoins. Bhutan's holdings of btc are higher compared to El Salvador, which seems to be less than 13 000 btc. El Salvador made Bitcoin legal tender earlier in their country while Bhutan didn't, right?

I just found out about this today. Then Bhutan's made it focused on sustainable development and diversification of its economy.

Source: Source: https://decrypt.co/249876/bhutan-has-even-more-bitcoin-than-el-salvador-thanks-to-its-mining-operation

[Themepen]

News about Bhutan investing in Bitcoin is exciting. Experts think Bitcoin's price will keep going up especially by 2030. And if you ask me do next two weeks are very important if Bitcoin will cross its ATH in next 2 weeks so I think it will keep going up and may be we will be near to the bull run season.

By the way this is really a positive move that many countries are now thinking about to buy Bitcoin like El Salvador already bought many. Trump is also thinking and now Bhutan is also diving so hope it will keep going. And Bitcoin will show its power soon.

[laijsica]

News about Bhutan investing in Bitcoin is exciting. Experts think Bitcoin's price will keep going up especially by 2030. And if you ask me do next two weeks are very important if Bitcoin will cross its ATH in next 2 weeks so I think it will keep going up and may be we will be near to the bull run season.

By the way this is really a positive move that many countries are now thinking about to buy Bitcoin like El Salvador already bought many. Trump is also thinking and now Bhutan is also diving so hope it will keep going. And Bitcoin will show its power soon.

Yes right the bull season has already started and I won't be surprised at all if Bitcoin price touches ATH in next two days as different countries and big holders are focusing on holding it, Bitcoin price is likely to go up a lot. Donald Trump has been described as crypto-friendly by everyone and has recently expressed a positive attitude towards Bitcoin and is expected to expand Bitcoin adoption if he returns to the White House.


https://x.com/bitcoinlfgo/status/1837405954502959273

[Hamza2424]

By the way this is really a positive move that many countries are now thinking about to buy Bitcoin like El Salvador already bought many. Trump is also thinking and now Bhutan is also diving so hope it will keep going. And Bitcoin will show its power soon.

Hmm, for sure the adoption rate is gonna get higher and higher in the coming timeline, and those who say we are late, dont know the potential of Bitcoin, maybe I'm exaggerating but still, there are strong grounds behind it as well. Countries are gonna put efforts to control the growth on a restricted level but still, the potential is unlimited, all you need is patience and this is not about the mining sectors its about market valuation and adoption rate, for mining in my view mining is something which should always remain in hands of the private sector.

[Gurujebs]

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.

It's crucial and fascinating how small countries that are having difficulty to grow their economy now accept Bitcoin as medium of value and a s a store value. I cannot imagine how much billion their Bitcoin investment they have bought. There was a rime many people laugh El Salvador when they bought Bitcoin at $30k but now, see profits they have made.

Some of the countries might have this intention of buying Bitcoin but because of their loyalty to big countries, if they bough and use Bitcoin, they might be sanction by even the world bank and that will jeopardize everything they have work for in the long run.

[doc]

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.

It's crucial and fascinating how small countries that are having difficulty to grow their economy now accept Bitcoin as medium of value and a s a store value. I cannot imagine how much billion their Bitcoin investment they have bought. There was a rime many people laugh El Salvador when they bought Bitcoin at $30k but now, see profits they have made.

Some of the countries might have this intention of buying Bitcoin but because of their loyalty to big countries, if they bough and use Bitcoin, they might be sanction by even the world bank and that will jeopardize everything they have work for in the long run.

El Salvador as the first country to legalize bitcoin as payment is a good move because buying at a cheaper price, $ 30K And now the price of bitcoin has touched $ 63K, a pretty big profit. I think other countries also have bitcoin but are not exposed, so the term behind seems to be non-existent. This is in my opinion because every government must have experts who study crypto, they understand that this technology will be more popular in the future.

[yhiaali3]

Thank you for sharing this news, this is the first time I hear that Bhutan has such a large amount of Bitcoin officially, actually it is very good news but it is not clear if there is an official adoption of Bitcoin by the government like in El Salvador or not.

Anyway, although Bhutan is a small country and its economy is small, it is one of the fastest growing economies in the world, so having Bitcoin officially will have a good impact on the market in the long run, if the governments continue to adopt Bitcoin or at least have Bitcoin officially, we will definitely see amazing increases in the long run.

[pieppiep]

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.

It's crucial and fascinating how small countries that are having difficulty to grow their economy now accept Bitcoin as medium of value and a s a store value. I cannot imagine how much billion their Bitcoin investment they have bought. There was a rime many people laugh El Salvador when they bought Bitcoin at $30k but now, see profits they have made.

Some of the countries might have this intention of buying Bitcoin but because of their loyalty to big countries, if they bough and use Bitcoin, they might be sanction by even the world bank and that will jeopardize everything they have work for in the long run.

El Salvador as the first country to legalize bitcoin as payment is a good move because buying at a cheaper price, $ 30K And now the price of bitcoin has touched $ 63K, a pretty big profit. I think other countries also have bitcoin but are not exposed, so the term behind seems to be non-existent. This is in my opinion because every government must have experts who study crypto, they understand that this technology will be more popular in the future.

Agreed, it also is somewhat of a bold headd down moment in time in respect to global shifts within the economy. I believe many countries might have thought like this but probably never publicized it. That should mean, as the powers of blockchain appears and the concept of crypto becomes widespread, governments worldwide are bound to be coming up with plans on how to adapt to continuously changing environment of finances.

[0t3p0t]

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.

It's crucial and fascinating how small countries that are having difficulty to grow their economy now accept Bitcoin as medium of value and a s a store value. I cannot imagine how much billion their Bitcoin investment they have bought. There was a rime many people laugh El Salvador when they bought Bitcoin at $30k but now, see profits they have made.

Some of the countries might have this intention of buying Bitcoin but because of their loyalty to big countries, if they bough and use Bitcoin, they might be sanction by even the world bank and that will jeopardize everything they have work for in the long run.

El Salvador as the first country to legalize bitcoin as payment is a good move because buying at a cheaper price, $ 30K And now the price of bitcoin has touched $ 63K, a pretty big profit. I think other countries also have bitcoin but are not exposed, so the term behind seems to be non-existent. This is in my opinion because every government must have experts who study crypto, they understand that this technology will be more popular in the future.

I think yes the government should have and I know they already have that expert but the only problem here is that are they willing to embrace cryptocurrency? Here in my country we would love to hear atleast a party list that will be the voice of crypto enthusiasts but seems no one is there to initiate maybe in the future. I don't know if the Department of Finance are doing something for this but hopefully they will have something for us to hear in the future.

[Dr.Bitcoin_Strange]

Hmm, TBH I won't support this that governments should get involved in the mining activity, yup a pro-mining policy for the private investors is an exception as close to me in Bhutan's case it's a small country but if there's any other more populated country it is going to be the waste of energy resources which can be used in other sectors, A Bitcoin accumulation strategy is going to be more efficient rather than mining Bitcoins directly.

Interference by the government in mining is not always in simple terms and energy conservation should always be a priority in countries with high population density.

The policy measures being friendly and supporting mining operation backed by private sectors, leads to efficient and innovative mining operation. On the other hand, if mines are controlled by the government,the natural resource could possibly be over utilized or not utilized in the most efficient manner.

Using bitcoin accumulation can be more profitable than mining as accumulation strategies like Hodling do not require power. This approach also urges market involvement without adding to the consumption of energy.