Bitcoin hydro bonds could be on the table in Montenegro.

Bitcoin and industry pioneers meet with the Prime Minister of Montenegro to discuss how the country can benefit from Bitcoin mining. The country pondered the idea of ​​a bitcoin hydro bond powered by abundant rivers and renewable resources.

Prime Minister of Montenegro Milojko Spajic discussed the possibilities of Bitcoin with JAN3 executives Samson Mow, Prince Filip Karadorcevic of Serbia and Ben Vanhool.

Bitcoin Hydro Bonds

Prime Minister Spajic's financial background makes him perfect for unlocking the country's hydropower potential, JAN quoted 3 Dec 14 as saying.

JAN3 is a Bitcoin technology company focused on expanding BTC access and financial freedom worldwide.

They discussed the potential of Bitcoin bonds to support Bitcoin mining linked to hydroelectric power. In addition, these are cooled by Montenegro's abundant rivers and water potential.

Prime Minister Spajic highlighted this amount of liquidity by highlighting the estimated hydroelectric potential of 5.6 to 6.1 TWh (terawatt hours) annually.

However, Montenegro currently uses less than 20 percent of this potential. Additionally, in a blog post about the meeting, JAN3 stated:

“The idea of ​​issuing hydro bonds linked to Bitcoin mining shows a new way of thinking that could open up new avenues for economic growth.”

Read more: Top 9 Crypto-Friendly Countries for Digital Asset Investors

Mou asked the vote on December 15 to be the first of the four countries to issue a Bitcoin Hydro Bond. No wonder Montenegro came out on top.

They also discussed crypto regulatory frameworks and the possibility of a central bank holding Bitcoin.

JAN3 Montenegro boasts the distinction of having the third youngest head of state in the world;

“The country sends a clear message – it is open for business, and it is open to accepting the transformative possibilities that Bitcoin offers.”

Moreover, Montenegro was only recently in the crypto news because of the Do Kwon scandal, but recently agreed to extradite him.

El Salvador's volcanic bonds exploded

The inspiration for Bitcoin Hydro Bonds comes from the El Salvador Volcano Bonds that Samson Mou and his partners helped to establish.

Additionally, after delays, El Salvador's Bitcoin Volcanic Bonds are set to launch in early 2024, as reported by BeenCrypto.

President Naib Bukele's biggest BTC investment was given the regulatory green light on December 12 when it returned to profit.

Bitcoin bonds based on renewable energy could be the next big sustainable investment machine. Moreover, Montenegro may be the next country to start giving them.