Montenegro’s Prime Minister Milojko Spajić held a meeting on December 14th to discuss harnessing the country’s significant hydroelectric resources for itcoin">Bitcoin">itcoin">Bitcoin mining. Attendees included itcoin">Bitcoin technology company JAN3, Serbia’s Prince Filip Karađorđević, and other officials.
JAN3 promotes expanding itcoin">Bitcoin access, including via itcoin">Bitcoin hydro bonds that fund mining operations through renewable hydropower. Montenegro boasts major hydro capacity, estimated between 5.6-6.1 TWh annually, with under 20% currently utilized.
The proposed hydro bonds would allow Montenegro to tap its natural hydro resources to mine itcoin">Bitcoin sustainably. The concept mirrors El Salvador’s volcano bonds funding geothermal itcoin">Bitcoin mining set to launch in 2024.
The consultation covered additional topics like crypto regulation frameworks and the central bank potentially holding itcoin">Bitcoin. JAN3 noted Montenegro’s young leadership and openness to new economic avenues make it well-positioned to embrace itcoin">Bitcoin’s possibilities.
With renewable energy-based itcoin">Bitcoin bonds gaining traction as sustainable investments, Montenegro’s exploration of hydro-powered mining and bonds could position it at the forefront of renewable crypto asset production. The nation signals it is open for business in this burgeoning industry.
