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10,000 Bitcoin Power Bhutan’s Gelephu Mindfulness City

Key Takeaways

  • Bhutan will use 10,000 Bitcoin from its reserves to fund the Gelephu Mindfulness City, a major new economic zone in southern Bhutan;
  • GMC aims to reduce youth migration by creating jobs in finance, green energy, tech, healthcare, agriculture, and tourism industries;
  • The project aligns with Bhutan’s Bitcoin Development Pledge, supporting sustainable growth through crypto, mining, and a new gold-backed digital currency.

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10,000 Bitcoin Power Bhutan’s Gelephu Mindfulness City

Bhutan has announced its intention to dedicate 10,000 Bitcoin BTC $86,755.11 from its reserves to fund the establishment of the Gelephu Mindfulness City (GMC), a new development in southern Bhutan.

This newly proposed GMC, located in Gelephu near the southern border, was presented as an economic region in 2024.

The goal for this city is to reduce youth migration by providing high-quality employment opportunities in finance, green energy, technology, healthcare, agriculture, and tourism.

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Covering approximately 1,544 square miles, GMC will occupy about 10% of the country's territory. The region is expected to offer relaxed rules for technology and crypto-related businesses and to serve as a base for the country's Bitcoin mining industry.

The project plans involve a blend of strategies, including risk-aware earnings, active treasury management, and measures to protect asset value while funding developmental objectives.

The plan is tied to the "Bitcoin Development Pledge" goal. This multi-year plan will use mining operations and Bitcoin resources to sustain progress and economic development.

King Jigme Khesar Namgyel Wangchuck highlighted new policies related to land rights to ensure current owners are protected, inequality is avoided, and prosperity is distributed throughout the country as work on GMC continues.

Crypto payments are operational for local merchants and tourists in the area, and a government-supported gold-linked digital currency called TER has been launched.

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Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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