Bhutan expands its crypto presence by adding BNB, BTC, and ETH to its strategic reserves.
BNB, BTC, ETH in Bhutan's Strategic Reserve
Gelephu, a city in Bhutan's new Special Administrative Region, announced the inclusion of Bitcoin, Ethereum, and Binance Coin into its strategic reserves. The goal is to enhance the region's economic resilience and expand involvement in Bitcoin mining. The reserves will be formed from cryptocurrencies with large market capitalization and high liquidity.
Comments by Changpeng Zhao
Changpeng Zhao, co-founder of Binance, expressed satisfaction that Bhutan now includes BNB in its reserves. In a humorous tone, he called Bhutan the 'happiest' and 'smart' country for this decision.
Financial Community's Reaction to Bitcoin Market
Following a humorous tweet by Changpeng Zhao about Bitcoin being 'boring' at $100,000, BTC's price plunged by 6.55%. Financial expert Robert Kiyosaki saw this as an opportunity to buy 'real assets,' stating that crises are always a chance for wealth.
Inclusion of cryptocurrencies in Bhutan's reserves highlights the growing acceptance of digital assets at a state level, while the market continues to show volatility and opportunities.
