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According to TechFlow, on December 17, Cointelegraph reported that the Kingdom of Bhutan announced it would use 10,000 of its bitcoin reserves (approximately $875 million) to build the Gelephu Mindfulness City (GMC). It is estimated that Bhutan currently holds about 11,286 bitcoins, with a total value exceeding $986 million, making it the fifth largest bitcoin-holding country in the world. This special administrative region, located in southern Bhutan, was launched in 2024, covering about 1,544 square miles (approximately 10% of Bhutan’s territory). It aims to attract enterprises in finance, technology, tourism, and other sectors, create high-value job opportunities, and prevent the outflow of young talent. The project will be constructed in phases over the next 20 years and has already launched the sovereign digital token TER, which is pegged to gold. The King of Bhutan emphasized that this development will ensure shared prosperity for the nation’s 790,000 population.

Opinion: If Bitcoin Does Not Achieve Quantum-Resistant Capability by 2028, Its Price May Fall Below $50,000 2025-12-17 06:23 BlockBeats news, December 17, according to Cointelegraph, Charles Edwards, founder of the quantitative bitcoin and digital asset fund Capriole, warned that if bitcoin does not achieve quantum-resistant capability by 2028, its price could fall below $50,000. The potential threat of quantum computing to the crypto industry has long been a topic of discussion and is seen as an impending critical turning point. In theory, more advanced quantum computers could break cryptographic algorithms, exposing user keys and putting user funds and sensitive data at risk of falling into the hands of malicious actors. Although this risk is generally considered to be distant, Edwards predicts that this day may come as early as 2028, and if the industry does not respond in time, bitcoin's price could be severely impacted. Original Link Report Correction/Report This platform is now fully integrated with the Farcaster protocol. If you already have a Farcaster account, you can log in to post comments