Bhutan, the land of happiness? Is it thanks to Trump's victory? Bitcoin hits the jackpot

Bhutan, a small kingdom in the Himalayas, is suddenly emerging as the "Bitcoin Kingdom." Bhutan, with a population of just over 800,000, has been called the happiest country in the world until now, but recently
According to foreign media on the 11th, the Bhutanese government recently transferred about 1,000 BTC to Binance, the world's largest cryptocurrency exchange.
This is likely an attempt to realize profits as the price of Bitcoin approaches all-time highs.
Bloomberg reported that Bhutan's sovereign wealth fund, Druk
DHI Holding & Investments and bitcoin mining specialist BitDeer Technologies have announced that they will expand their bitcoin mining capacity in Bhutan.
The reason Bhutan started to actively engage in Bitcoin mining was the downturn in the tourism industry due to the COVID-19 pandemic.
Since the pandemic hit its main source of income, tourism, hard, Bhutan has been looking for new sources of revenue and has begun focusing on Bitcoin mining.
Currently, the Bhutanese government is said to hold about $1 billion worth of Bitcoin, which is roughly the total value of the country’s total assets.
This amount is equivalent to about one-third of the country's GDP. Bhutan started mining when the price of Bitcoin was around $5,000, and has made a considerable profit from the current price rise.
Bhutan, once a shadowy country, is now a key player in the cryptocurrency market.