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Could ICELAND 🇮🇸 become the HONG KONG 🇭🇰 of cryptocurrencies ₿? - VisualPolitik EN
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August 3, 2021
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Can you imagine a country of 364,000 people that could be the next Bitcoin capital of the world? Well, that could be happening with Iceland. This country suffered an extremely deep crisis in 2008, but since then it has returned to prosperity thanks to fishing, tourism and now cryptocurrencies.
Iceland is attractive for Bitcoin miners thanks to its very cheap, 100% renewable energy, and also due to its cold climate. These are all attractive factors for developing this industry that is starting to have an important presence in the Icelandic economy, but will Iceland be able to meet all the energy demands? And is Iceland ready to become a financial center for cryptocurrencies? Is Bitcoin the right bet or is it just a bubble about to burst? We tell you all about it in this video.
*Script written by Alejandro Zubieta
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