Iceland and Bitcoin

[Capitalism Prevails]

I don't consider myself and expert on this idea but wouldn't Iceland be perfect for mass adoption of Bitcoin?  Think about it.

1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth.  I think they're building servers in Iceland for other reasons as well. 
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!

What do you think?