The crypto market is evolving and the value of Bitcoin has grown significantly in the last few years. We have seen how the price was grown in the last bull run cycle and now since we are pretty much close to this so it is possible that it will grow even more in this cycle and we are waiting for the cycle.
This is the time when some of the countries are trying to hold more bitcoins and Bhutan as a country has done a great job on the Bitcoin accumulation. As of now, this is the 4th largest country that is holding Bitcoin and I believe this is a learning lesson that many countries need to learn. India has no holding for Bitcoin and they are still in the zone where they think that crypto is not going to go anywhere but they are wrong because despite this many countries are trying to accumulate as which as possible.
The tiny country Bhutan in the Indian subcontinent has surprisingly emerged as one of the largest bitcoin-holding countries in the world. As per a report by the cryptocurrency analysing company Arkham Intelligence, the Government of Bhutan owns $780.49 million worth of Bitcoins. This has put Bhutan on the world's Bitcoin map, after only the US, China and the UK, the three top countries, respectively, in terms of Bitcoin holdings.
It is surprising that a country like Bhutan which is not so strong in terms of economy they have managed to accumulate a good number of bitcoins in the long run and this is one of the best decisions that this country has taken this time. While many other countries like us UK and China are holding bitcoins already their holding is also significant. Now Bhutan coming on the list holding Bitcoin is great and maybe after this NEWS UPDATE Indian Government can think about it because till now they are not holding anything but still it is not too late if they decide to participate however it seems difficult.
While many countries are trying to accumulate more bitcoins countries are also trying to do the same and this is a new trend that is getting started I hope that in the next few years, we are going to see more countries getting added to the list who are holding the Bitcoin and most probably they will be trying to have even more. What are your thoughts about it and do you think that your country should also be on the list that holds Bitcoin?
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