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Bhutan Embraces the Concept of a High-Tech Megacity After Rejecting a Thiel-Backed Startup's Vision

Published December 16, 2023

The Kingdom of Bhutan, known for its tranquil landscapes and preservation of rich cultural heritage, recently found itself at the center of a modern urban development dialogue. A startup, once backed by prominent investor Peter Thiel, approached the Bhutanese royal government with ambitious plans for an advanced technological metropolis, conceptualized as the next Shangri-La — a serene and utopian oasis. This futuristic city was pitched as a harmonious blend of cutting-edge technology and Bhutan's philosophical approach to sustainability and mindfulness.

A Vision Diverged

However, the idyllic collaboration between the startup and Bhutan's leadership took an unexpected turn when the kingdom publicly disavowed any association with the project. This development sent ripples across the international community, especially among investors and enthusiasts interested in blending technology with sustainable living. Despite the setback for the startup, Bhutan did not abandon the overarching idea of a forward-thinking urban hub.

Bhutan's Own Metropolis Initiative

In a remarkable pivot, the Bhutanese government has announced its plans to develop a 'megacity' tailored to its unique vision. This indigenous project remains deeply ingrained in the nation's commitment to environmental mindfulness, incorporating elements that promote mental well-being and sustainable growth. This initiative may not only redefine Bhutan's urban landscape but could also attract global attention by creating a one-of-a-kind 'mindfulness-focused' destination.

Amid discussions of urban development and investment potential in such projects, it's noteworthy that the realms of finance and technology continue to intersect in intriguing ways. For instance, the rise of cryptocurrencies like Bitcoin CRYPTO:BTC exemplifies the dynamic nature of modern investment landscapes, poised to influence a wide array of sectors, including urban development.

Bhutan, Megacity, Sustainability