Max Keiser Says El Salvador 'Needs To Step It Up' As Bhutan's Bitcoin Adoption Astonishes Crypto Market
Portfolio Pulse from Aniket Verma
Bhutan has become the fourth-largest government holder of Bitcoin, surpassing El Salvador, with 13,011 Bitcoins worth $821 million. This development has sparked reactions from Bitcoin advocates like Max Keiser and Michael Saylor. Bhutan's Bitcoin holdings are backed by its hydropower resources, unlike other nations that acquired Bitcoin through seizures.
September 24, 2024 | 8:18 am
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POSITIVE IMPACT
Bhutan's significant Bitcoin holdings have positioned it as a major player in the global Bitcoin market, surpassing El Salvador. This could influence Bitcoin's market perception and potentially impact its price.
Bhutan's unexpected rise as a major Bitcoin holder highlights its strategic use of hydropower for mining, which could inspire other nations and investors. This news may boost confidence in Bitcoin's global adoption, potentially driving demand and price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100