Bhutan Mines Bitcoin to Offset Tourism Revenue Decline
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Bhutan has turned to Bitcoin mining as a strategy to counteract declining tourism revenues and support government expenditures. The Himalayan kingdom now holds 12,000 BTC, which constitutes 40% of its GDP, making it the third-largest state holder of Bitcoin globally. This move highlights Bhutan's innovative approach to leveraging cryptocurrency for economic stability amid fluctuating traditional revenue streams.