Bitcoin is currently making headlines as the US government has officially started holding it as a reserve asset, specifically using bitcoins seized from criminal cases. This Strategic Bitcoin Reserve initially includes bitcoins from the Silk Road case, significantly outpacing other digital assets held. Meanwhile, Utah's Senate recently voted on a bill aimed at establishing a state-level bitcoin reserve, but key provisions were removed at the last moment, preventing Utah from becoming the first state to invest in bitcoin. Despite this setback, the bill did grant various rights to Bitcoin users, including the right to mine and self-custody coins. In a related development, Bhutan has also emerged as a bitcoin mining nation, leveraging its hydroelectric resources to generate substantial income, amounting to billions. Bhutan's Prime Minister has pointed out the significant revenue potential of bitcoin, indicating a shift toward its adoption in everyday usage, further emphasizing the growing acceptance of bitcoin on a global scale.

Source 🔗