The Himalayan kingdom invests its bitcoin reserves in the development of an innovative city.On December 17, Bhutan announced its intention to allocate up to 10,000 bitcoins—worth approximately one billion dollars—for the development of Gelephu Mindfulness City (GMC), an ambitious economic hub in the southern part of the country.The announcement came directly from His Majesty King Jigme Khesar Namgyel Wangchuck during the National Day Address:“As your King, I must ensure that every Bhutanese is a custodian, stakeholder, and beneficiary of GMC. This commitment is for our people, our youth, and our nation.”
pull down to refresh
related posts
21 sats \ 0 replies \ @OT 6h
Interested to see what a "mindfulness city" looks like.
They should make sats the national currency.
reply
0 sats \ 1 reply \ @winteryeti 21m
Am I understanding this right, they gave out 10,000 Bitcoins expecting citizens to do their part to build a better city zone?
reply
0 sats \ 0 replies \ @0xbitcoiner OP 14m
I don't think so.
reply