Bitcoin surges as Bhutan's holdings soar to 36% of GDP

As Bitcoin topped $94,000, the tiny Himalayan kingdom of Bhutan saw its bitcoin holdings soar to $1.1 billion, roughly 30% of its gross domestic product (GDP).
According to a report citing Bloomberg, Bhutan now holds a total of 12,574 bitcoins, worth around $1.1 billion.
This is equivalent to 36% of Bhutan's total GDP. Bhutan is a small kingdom with a population of 800,000, so the GDP of 3 billion dollars (approximately 465 billion yen) is
) The recent surge in Bitcoin has been a huge benefit for Bhutan, with Bitcoin accounting for a third of its GDP.
In particular, after President Trump's election, the price of Bitcoin soared, and the amount of Bitcoin held
The value of Bitcoin has surged from $900 million to $1.1 billion. The reason Bhutan has so many Bitcoins is because, unlike El Salvador,
The Bhutanese government mines Bitcoin through a government-affiliated company. Located in the Himalayas, the country has a rich natural environment where hydroelectric power generation is easy.
Therefore, electricity is abundant. Bhutan is a small country, but it is a big country when it comes to Bitcoin. Meanwhile, at this time, CoinMarket.com, a global coin price relay site,
Bitcoin is trading at $91,809 (approximately JPY 14.23 million), up 0.50% from 24 hours ago.
Prior to this, Bitcoin was trading at $94,000 (about 14
The price has soared to $94,002, breaking through the previous record high of $570,000. This means it is likely only a matter of time before it breaks the $100,000 mark.