Bhutan’s Bitcoin Boom: 39% of GDP Tied to $1.14 Billion Crypto Investment

In a groundbreaking twist to the cryptocurrency bull run of 2024, Bhutan has emerged as an unexpected leader, with Bitcoin now accounting for a staggering 39% of its GDP. The small Himalayan nation’s BTC holdings have reached a remarkable $1.14 billion, signaling the transformative power of digital assets for developing economies.

Inspired by El Salvador, which made Bitcoin legal tender in 2021, Bhutan has demonstrated the potential of cryptocurrencies to reshape financial landscapes. El Salvador itself has seen its Bitcoin investments climb past $550 million, yet Bhutan's bold commitment has set a new standard for national crypto adoption.

This year has been pivotal for Bitcoin, as global acceptance and its surging value redefine the role of digital assets in mainstream finance. With Bitcoin’s price hitting $93,000 last week following Donald Trump’s reelection and pro-crypto policies in the United States, the digital currency has cemented its place in the global economy. Trump’s proposed BTC strategic reserve highlights the geopolitical significance of cryptocurrency, but smaller nations like Bhutan have already showcased its transformative potential.

According to Arkham Intelligence, Bhutan’s Bitcoin strategy places it among the most forward-thinking nations embracing crypto innovation. As both Bhutan and El Salvador reap the benefits of early adoption, their successes may inspire other developing countries to explore the untapped opportunities in digital finance.