The Prime Minister of Bhutan is advocating for global Bitcoin mining, suggesting a significant change on the horizon.

According to Prime Minister Tobgay, Bhutan is looking to strengthen its position in Bitcoin mining. Other countries are also creating forward-thinking policies to promote the adoption of cryptocurrencies. Recently, Bhutan’s Prime Minister Tshering Tobgay encouraged countries around the globe to accept Bitcoin (BTC) mining. The Prime Minister is optimistic that Bitcoin mining could provide a solution for Bhutan amid increasing economic challenges and the exodus of young people. Bhutan Makes Major Moves in Bitcoin. In an interview with Al Jazeera, Tobgay described state-sponsored Bitcoin mining as “a straightforward strategic decision.” He mentioned that numerous people have increased their wealth through cryptocurrency, prompting Tobgay to urge the government to consider engaging in Bitcoin mining. This shift has the potential to position Bhutan as a frontrunner in the global arena for financial innovation. The nation is presently dealing with economic difficulties, and Bitcoin mining is one of the strategies it is employing to bounce back from this crisis. Bhutan, which was previously a popular destination for travelers, is now facing challenges in attracting visitors following a downturn caused by the COVID-19 pandemic. The tourism sector accounts for more than 10% of the nation’s Gross Domestic Product (GDP). According to Bhutan’s Central Bank, the tourism industry generated $334 million in 153. According to Bhutan’s Prime Minister, it is projected that by 2024, the number of tourists visiting the nation will be approximately 150,000.