We are now 2 years in to Bhutan's bitcoin experiment. That means we now hae some good data on how it has affected the economy. The IMF warned that nation's embracing Bitcoin would destabilize their economy, be less effective at attracting foreign direct investment, and endanger their decarbonizing and environmental initiatives. What does the data say: 1. The bitcoin reserves have directly addressed pressing fiscal needs. "In June 2023, Bhutan allocated 72 million from its holdings to finance a 50% salary increase for civil servants" 2. Bhutan was able to "use Bitcoin reserves to avert a crisis as foreign currency reserves dwindled to 689 million" 3. Prime Minister Tshering Tobgay in an interview said that bitcoin also "supports free healthcare and environmental projects" 4. Tobgay also said their Bitcoin reserves helped in "stabilizing [the nation’s] 3.5 billion economy" 5. Independent analysts have now said that "this model could attract foreign investment, particularly for nations with untapped renewable resources" Considering how the IMF analysis was not just wrong, but roughly 180° off target, it begs the question, was the IMF's predictions ever based on data? Or may they just possibly have had another agenda in predicting the adverse impact of any nation embracing Bitcoin?