Bhutan Flips $13M BTC – Is Bitcoin Beating Gold? 😂 Mind-Blown Twist!

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Key Takeaways, Comrades

What’s the hullabaloo with Bhutan’s BTC stash?

Bhutan’s sovereign wealth outfit, Druk Holdings, shuffled $13 million in Bitcoin to a fresh wallet on 20 October. Ah, the games of the rich! 🙄

Why should we care about this bureaucratic ballet?

This move echoes BTC juggles in August and September, both suspiciously tying back to exchange dens. Selling again, or just window dressing? 🤔

Ah, the Royal Government of Bhutan, that idyllic mountain kingdom straight out of a fairy tale, hath once again stirred the crypto cauldron with its bitcoin maneuvers. Like a proletarian puppet show, they’ve moved $13 million worth of the digital gold into a new wallet. Sarcasm aside, it’s stirring fierce speculation! 😂

The fifth-largest bitcoin-hoarding nation, as per the great lord Arkham Intelligence, shifted some BTC via their Druk Holdings on 20 October. The audacity!

Bhutan flings $13 million in Bitcoin like confetti

Arkham’s watchful eyes reveal Druk Holdings transferred 12.89 BTC, a paltry $1.43 million chunk in deals summing to $13 million. What a spectacle! The new address sports a wallet scheme different from before – perhaps a mere reshuffle, or is it the start of something mischievous? 😏

This prank follows mammoth transfers: $59 million in BTC last August, and a whopping $109 million in September. Both ended up in exchange lairs like Cobo and Binance, those shadowy pits where fortunes are liquidated. Classic capitalist theater!

Bhutan’s hoard now boasts 6,262 BTC, clocking in at $700 million, plus sprinkles of ETH, LNQ, and PHIL. Managed by Druk Holdings and Investments (DHI), it’s swelled over 2.5% this week. Ah, inflation hedges for the masses! 😉

Bhutan’s standing amid the global bitcoin oligarchy

Though modest, Bhutan’s stack catapults it into the top sovereign bitcoin clubs, fifth place despite giants like the United States, China, and United Kingdom. Davids among Goliaths! 🇧🇹

Data from Bitbo crowns the U.S. and China with over 200,000 BTC each, trailed by the U.K. and Ukraine. Bhutan edges ahead of El Salvador and Finland – proof that even the humblest lands dabble in digital alchemy for their treasure troves. Who knew? 🌟

CZ declares: ‘Bitcoin Shall Supplant the Barbarous Gold!’

In this grand farce, Binance’s czar Changpeng “CZ” Zhao revives the age-old bitcoin-versus-gold feud on X (that Twitter relic). “Prediction: Bitcoin flips gold. Don’t know when – maybe ages – but mark my words. Save this tweet.” Bold words from the throne! 👑

At tweet-time, bitcoin ranked eighth by market might, a snug $2.21 trillion cap, nestled between Amazon’s juggernaut and Meta’s empire.

Gold, that ancient relic, hulks at $29.67 trillion market cap. Bitcoin’s prophecy? A long road, comrades! 🏆

Bitcoin and gold: Worlds (and values) apart

Newhedge’s scrolls show bitcoin and gold once danced in correlation, but alas, the romance fades. Over the year past, gold’s price soared above $4,200 per ounce, while bitcoin tumbled from $125,000 heights to $111,000. Divergence in the capitalist winds! 💸

Yet both allure seekers of inflation armor amid global tempests. Critics like gold zealot Peter Schiff hail the shift, but is Bhutan’s latest jig a sell-off or just bureaucratic yoga? It weaves into the tapestry of sovereigns hoarding and occasionally fleecing bitcoin. 🌪️

As treasuries amass and sometimes shed this electronic phantom, it pokes at gold’s imperial crown. The narrative evolves, and we, the audience, laugh through the absurdity. 😆

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2025-10-20 21:02