Thought I'd share this..
Bhutan - Another Country Using Bitcoin To Escape PovertyBhutans government has started moving its quietly accumulated Bitcoin holdings as the price soared above the key $70,000 level.
The Bhutan government-labeled wallet transferred over $66 million worth of Bitcoin to a Binance deposit wallet, suggesting that it intends to sell the BTC on the worlds largest cryptocurrency exchange.
The $66.5 million was transferred in two transactions on Oct. 29, according to Arkham Intelligence data.
The government wallet began selling shortly after Bitcoin surpassed $70,000 for the first time since June 10. Significant price levels like $70,000 can lead to volatility, including profit-taking from large Bitcoin holders, known as whales, which can impact the price of Bitcoin.
Just right on time,... and here's another good news..
Bitcoin mining funded a 50% salary increase for public servants in Bhutan
