Experts Predict Bitcoin Mining Could Add Up to $4 Billion to Ethiopia’s GDP in Coming Years

Experts estimate that Bitcoin mining could contribute between $2 billion and $4 billion to Ethiopia’s GDP in the coming years. These predictions are based on the recent legalization of Bitcoin mining and the government’s collaboration with West Data Group on a $250 million project.

With abundant hydroelectric resources, Ethiopia is becoming an attractive destination for foreign investors and miners. The influx of investment and the development of the crypto industry are expected to create jobs and strengthen the country’s economy.

Despite the public’s cautious stance towards cryptocurrencies, global attention on Ethiopia’s potential in this sector may shift perceptions and help the country emerge as a leader in digital technologies.