$828 million is equivalent to 13k BTC and it took just 1 week for bitcoin ETFs to reach that number. But ETFs have been buying bitcoin for months now and they're holding close to 1 million bitcoins, but ironically even that hasn't been able to trigger a bitcoin bull run for bitcoin, so far. Do you think that just because this small country holds a negligible amount of bitcoin, and it has impacted the market and caused bitcoin to increase? Does this make sense?

Have you tried checking MicroStrategy's previous bitcoin purchases? I bet you will be more surprised and disappointed than you think because almost every time they buy, the market corrects afterward. I don't know if it's a coincidence or not but this happens often.
Fed rate cuts have a positive impact on the entire world economy, not just bitcoin. If you don't believe me, you can check the gold and stock markets and you will see.

That's a good news, most of us know that Bhutan is a crypto and mining friendly country and thus holding that much amount of Bitcoin by such a country makes sense. I believe they've plans to Hold Bitcoin for long term as a reserve asset to fight inflation that's present in fiat system. I guess the Bitcoin reserve is going to be very helpful for Bhutan and there's chance that Bhutan might make Bitcoin a legal tender.

I totally agree with you. Just a few years ago nobody would have ever thought that a country/government would hold some bitcoins, now we have El Salvador and Bhutan and people complain that "they are too small". I really don't get, can't we just simply appreciate all these positive changes? Everything takes time, whoever thinks things will be quick and easy should go somewhere else.

I love this, unlike the German government that had $2b worth of Bitcoin some weeks ago and instead of holding and build more mining farms, they decided to dump everything around $53k and now Bitcoin is trading slightly above $63k, I can only imagine now much of $10k they would have made on every single Bitcoin they had that time but unfortunately they sold everything, that profit is now in the hands of the people that bought it from them.

If all countries can replicate the same thing like BHUTAN is doing on Bitcoin adoption, the rest of the world will be aiming to.hst more Bitcoin but it's even okay like this, if Bitcoin was to be everything all the government are after, we will see the mining business diluted and the companies that are mining now will be the ones struggling to mine a single block of transactions because the hash rate might not favour them again since they will be mining with less equipment/mining machine.

Rather than selling their unused, abundant electricity to other countries and get fiat currency in return, Bhutan do their investment into Bitcoin mining and it is very good investment. With their own clean and sustainable electricity resource, Bhutan will get good profit from Bitcoin mining and bitcoin has increasing purchasing power with time, that is opposite with fiat currencies with decreasing purchasing power with time.

No. They continue to buy bitcoin in 2024.
https://bitcointreasuries.net/entities/el-salvador

Bhutan, being majorly dependent on tourism, had to find a way to increase their income. Otherwise they would be gulped by the Land-mafia government of China. Their Bitcoin mining operations are providing them with the much needed financial freedom and that's why China is not able to put them under debt trap. It's a great thing! I wish their holding increases to billions of dollars so that they do not have to become dependent on any other country.

I had visited Bhutan during my school days when it was a monarchy and I was amazed to see the disciplines they follow. Bhutan and Nepal, both are located very strategically in the lap of Himalayan range. While Nepal has fallen in front of China, Bhutan is still a bright exception. I hope they remain that way with the help of Bitcoin mining operations they control.

You need to know that these two countries have huge differences in population, economy...everything, so this comparison is quite lame. Germany has over 83 million people and an annual GDP of over $4 trillion, $2 billion or $3 billion is nothing to them. Also, as far as I know, they confiscated those bitcoins from a pirated movie site and they had to sell them because it's government regulation, they can't keep them even if they wanted to. Furthermore, isn't it a good thing they sell bitcoins? Governments holding too much bitcoin is not a good thing, not only does it make the currency more centralized but it could also cause more panic in the market in the future.

This is how a revolution first begins. Not everyone comes in the beginning, they will come gradually. First came El Salvador, despite being a small country, Bitcoin investment has been encouraged. They found their potential in Bitcoin. Not only that, but they have also realized that Bitcoin will be one of the mediums of exchange in the future. In other words, apart from investment, they have various plans which they are slowly progressing towards implementation. As far as I know they have also included bitcoin education in national education programs for everyone's knowledge of bitcoin relations. Every move they make is going to be successful. But these success stories will not be revealed very quickly, it takes time.



Bhutan is a small country in Asia. The number of citizen there is relatively less but the point is that they too have been able to understand that Bitcoin is the future. Bitcoin must be left behind when considering its future. I applaud the bold step taken by Bhutan Government. Many may be negative about buying Bitcoin but those critics will be silenced as it appreciates over time. As was the case with Nayib Bukele.

Don't know how legit this information is, but it should be something very beneficial for them if the yare doing something like this. I think we would have heard about it beforehand and not after this much time, but I am glad to see that world governments are trying to finally put some money into crypto because they realize that it's a great way to leverage their debt against fiat and this would mean that when their fiat devalues and that happens due to inflation at every year, we are going to see bitcoin help them pay their debt without much issues.

I believe that nearing a billion dollars is a great help and should pay for a lot of things as well. I am still not fully convinced somehow that this is them though, it could be someone else, I am not entirely sure they have something like this because it's a huge news and learning about it after so much time feels like it is not realistic, we should have heard it when it first started and not so much time later than what it is.