Should Bhutan’s national bet on Bitcoin worry India?
A Forbes report revealing that the Kingdom of Bhutan, one of India’s closest regional allies, has secretly invested millions of dollars in not just crypto currencies, but also in building infrastructure to mine Bitcoin has surprised many.
While the fact that Bhutan’s sovereign fund, Druk Holdings & Investments (DHI), had invested in crypto currencies was revealed last month, and that itself was a bombshell because none of these investments were made public, the fact that the country is setting up a power-guzzling Bitcoin mining operation has taken many in the country, and in the region, aback.
While the fact that Bhutan’s sovereign fund, Druk Holdings & Investments (DHI), had invested in crypto currencies was revealed last month, and that itself was a bombshell because none of these investments were made public, the fact that the country is setting up a power-guzzling Bitcoin mining operation has taken many in the country, and in the region, aback.
