Bhutan puts $539M Into Bitcoin mining - What's this mean?

Hi everyone,

So Bhutan has put a big chunk of its money, $539 million, into mining Bitcoin from July 2021 to June 2023. They want to sell what they mine to build up their money reserves. This is a lot cause their GDP is even less than $3 billion. They’re using their good, cheap electricity and cool weather, and even their central bank is all for it.

I’m wondering:

• What’s good or bad about a small country like Bhutan going big into Bitcoin mining?
• What does it mean when a country uses its own money and government support to get into Bitcoin mining?

Keen to hear what you guys think!

https://preview.redd.it/ajoc7no2mryc1.png?916&format=png&auto=webp&s=1830d5d5e9227e7b2c4566f9c4f17d9acebafaf6

https://preview.redd.it/s6yiemo2mryc1.png?979&format=png&auto=webp&s=caafdac45101df389c55a23864ed0ab0e7174d3e