LIVE VIEW OF THE BUDDHIST KINGDOM OF BHUTAN WHO HAS 1/3 OF THEIR GDP IN BITCOIN
BITCOIN ZEN ACHIEVED
Discussion
It's a peaceful life
Haven’t followed this one closely.
One thought: How sovereign are they?
I’ve read in the past that they have cool things in their constitution such as “happiness of citizens” actually written into their goals
But, the sceptic in me, if I was China, they’d make a neat proxy for accumulating..?
Why does China need a proxy?
Well they wouldn’t want to undermine their own currency, which as a communist state is key to their manifesto
Saying that, I bet their are all sorts of capital leakage avenues, off market of course, in which party officials are making as much money as they can
Think off shore companies. Relatives as dormant shareholders. Etc etc which if true they wouldn’t need a nation state as a front
Who knows! All guess work
They look to have somehow remained very neutral & maintained their culture. It seems physically quite difficult to access the country, which may have helped.
They only got TV & Internet in like 1999 & yet they've stacked more Sats than ES!
It's a constitutional monarchy with a young energetic king. He was educated in the UK, so he's been exposed to Western culture & clearly Bitcoin.
They measure their success by GNH & not GDP.
So interesting. One of the amazing things about travel is the perspective it gives you
“Oh hang on, some people live differently to how I was taught”
Here’s a great example
I'm not sure how I feel about the $200 USD/day tourist tax to travel there.
It will be interesting to watch it unfold. They have abundant hydro power & are mining.
Their currency is currently pegged to the rupee.