Changpeng Zhao, often referred to as CZ, has made a significant announcement regarding BNB, stating that it has achieved a new milestone in adoption. The Binance Coin has officially been incorporated into the strategic reserve of Bhutan, alongside other prominent cryptocurrencies.
Recent news from Gelephu Mindfulness City (GMC), located in Bhutan’s New Special Administration Region, reveals that the city plans to add Bitcoin (BTC), Ethereum (ETH), and BNB to its strategic reserves. This move positions GMC as one of the pioneering locations to hold top-tier digital currencies in its reserves.
The decision to integrate these digital assets stems from GMC’s belief that they will bolster the region’s economic resilience and enhance its participation in Bitcoin mining activities. The city aims to utilize cryptocurrencies with substantial market capitalization and high liquidity for its reserves. This strategy enables easy transactions with minimal impact on pricing, while also allowing for the potential inclusion of other cryptocurrencies based on “more mature, secure blockchains that facilitate the monitoring of on-chain transactions.”
CZ couldn’t hide his enthusiasm, responding in a comment that with the adoption of BNB, Bhutan has become “the happiest country,” adding that it is “a beautiful and smart country too!”
In a somewhat lighthearted exchange, CZ shared his thoughts on Bitcoin recently reaching the $100,000 mark, suggesting that this accomplishment has rendered it “boring” for many traders and investors. He humorously engaged with a user remarking that a BNB price of $700 is unexciting and playfully encouraged a surge to $3,000.
The market response to CZ’s playful tweet was immediately evident; in just 24 hours, Bitcoin’s value plummeted by over 6.55%, dropping from $102,000 to around $96,000, with current trading hovering around $95,500.
Financial expert Robert Kiyosaki quickly chimed in, tweeting his thoughts on the downturn. He hailed it as “great news,” reiterating his commitment to purchasing Bitcoin while it was “on sale.” Kiyosaki’s message resonates with millions of his followers, reminding them that economic crises often present golden opportunities to invest in “real assets” using “fake US dollars” at discounted prices.
The developments in Bhutan’s strategic adoption of BNB and other cryptocurrencies illustrate an evolving landscape, bringing together innovation and opportunity in the world of digital finance.
