Indeed, doesn't make much sense since they can print their own currency the Bhutanese Ngultrum, why would you need to sell the Bitcoin?
But then I checked their public debt averaged 127% of GDP in the decade to 2022 in Bhutan, so not much room to go, I don't see a problem with them dumping to prop up their fiat, just means governments have less Bitcoin and people get more, distribute the coins!!
TheBitcoinManual
npub10m…kn8mj
2024-10-29 18:49:54
in reply to nevent1q…dz8w
Author Public Key
npub10mxnle348mzv2dnj0ylgz3zu9gceenc29x9fr4m6mnars66j7vxsnkn8mjPublished at
2024-10-29 18:49:54Event JSON
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"content": "Indeed, doesn't make much sense since they can print their own currency the Bhutanese Ngultrum, why would you need to sell the Bitcoin? \n\nBut then I checked their public debt averaged 127% of GDP in the decade to 2022 in Bhutan, so not much room to go, I don't see a problem with them dumping to prop up their fiat, just means governments have less Bitcoin and people get more, distribute the coins!!\n\n",
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