- Pakistan has decided to set up a strategic BTC reserve and promises not to sell the holdings. How refreshing! 😄
- As of May 2025, about eight countries are hoarding BTC worth over $57 billion. Talk about a digital treasure chest! 💰
In a move that has left the world scratching its collective head, Pakistan has announced plans to establish a Strategic Bitcoin Reserve (SBR). Yes, you heard that right! A country known for its rich history and spicy food is now diving into the world of cryptocurrency. Who knew? 🍛
At the Bitcoin Conference in Las Vegas—because where else would you announce such a thing?—Bilal bin Saqib, the CEO of the Pakistani Crypto Council (PCC) and Special Assistant to the Prime Minister on all things blockchain, declared,
“The Pakistani government is setting up its own government-led Bitcoin strategic reserve. And the national BTC wallet is not for speculation or hype. We’ll be holding these BTCs and we’ll never sell them.”
Trump BTC effect?
In a surprising twist, Saqib acknowledged the influence of none other than President Donald Trump in the crypto realm, stating,
“He (Trump) was able to recognize that Bitcoin is not a threat but an opportunity for innovation, freedom, and sovereignty.”
Now, if only we could get him to tweet about it! Notably, the Trump administration had promised to set up a strategic BTC reserve, which, like many of his promises, remains unfulfilled. But hey, it sparked interest in other nations, including Pakistan. Who knew a tweet could have such global ramifications? 🐦
But wait, there’s more! Pakistan’s crypto ambitions don’t stop at the SBR. In March, Saqib told Bloomberg that the country was ‘done sitting on the sidelines’—which is a bold statement coming from a nation that has been known to take its time. They’re now pushing for a legal framework to drive crypto adoption and investment. Finally, some action! 🚀
Shortly after, the PCC appointed Binance founder, CZ, as a strategic advisor. Yes, the man who made crypto trading as popular as cat videos on the internet is now advising Pakistan. What a time to be alive! 🐱
In late April, the country announced a partnership with Trump-backed World Liberty Financials (WLFI), aiming for crypto adoption and blockchain-related experiments. According to Saqib,
“Our collaboration with WLFI is more than just a partnership; it’s a strategic move to empower our young population and integrate Pakistan into the future of global finance.”
During the BTC Conference, Saqib proudly announced that Pakistan boasts about 40 million crypto users. That’s a lot of digital wallets! And according to Chainalysis’ 2024 crypto adoption report, the country is among the top ten in crypto usage. Who would have thought? 📈
If the SBR comes to fruition, Pakistan will join the ranks of El Salvador, the Kingdom of Bhutan, the U.S., and China as BTC holders. Quite the exclusive club! 🥳
In summary, only eight countries currently hold BTC, collectively worth over $57 billion. According to BitBo data, nation-state and institutional adoption are expected to be major catalysts for BTC’s long-term growth. So, buckle up, folks! 🚀
At press time, BTC was trading at $108K, up 14% in the past thirty days and a whopping 40% from the April low. If that doesn’t make you want to invest, I don’t know what will! 💸
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2025-05-30 00:12