Bitcoin Bet Just One Arrow In Bhutan’s Quiver As It Hunts Gross National Happiness: Tiny Kingdom’s Sovereign Wealth Fund Not Deterred By Size
Bhutan, the Himalayan kingdom known for its emphasis on Gross National Happiness, is strategically leveraging its abundant hydropower resources to fuel investments in green energy initiatives and Bitcoin (CRYPTO: BTC) mining, according to Ujjwal Deep Dahal, CEO of Druk Holdings and Investments, the nation’s sovereign wealth fund.
What Happened: Despite its modest size, with approximately $3 billion in assets under management compared to giants like Norway’s or Singapore’s Temasek (OTC:TMSKF), DHI aims for efficiency and targeted growth, the Fortune reported on Sunday.
Dahal, in a recent interview, emphasized that “size does not matter,” highlighting the fund’s focus on strategic investments to diversify Bhutan’s economy and attract foreign capital.
Hydropower forms the cornerstone of Bhutan’s ambitious plans. With 2.5 gigawatts of …
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