Pakistan Eyes Bitcoin Revolution as It Follows El Salvador’s Bold Lead

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In the grand game of cryptocurrency, Pakistan is eager to leap into the digital unknown, following the gallant footsteps of El Salvador. This week, the indomitable Bilal Bin Saqib, head of Pakistan’s Crypto Council, and special advisor to the prime minister, flew to El Salvador for a tête-à-tête with the “visionary” President Nayib Bukele. The subject? Bitcoin. Naturally.

The Pakistani Pursuit of El Salvador’s Elusive Bitcoin Dream

Bilal Bin Saqib, CEO of the Pakistan Crypto Council and State Minister for Crypto and Blockchain (because why not give him a few titles), met with President Bukele, a man who, according to Saqib, is “a visionary” for making Bitcoin legal tender in El Salvador, against the tides of global reluctance. Let’s face it – most world leaders were busy clutching their pearls when Bukele made that bold move.

He was the first head of state to take such a risk, turning a modest country into a beacon of digital innovation. Even as the IMF and other global bodies wrung their hands and issued dire warnings, Bukele continued to buy Bitcoin. Talk about a leader who can see through the fog of skepticism and venture into the frontier.

Just met one of the most extraordinary visionary leaders of our time, President of El Salvador, @nayibbukele

A head of state who doesn’t just talk tech, but challenges it, from AI and robotics to Bitcoin.

He’s a leader from the future, who saw the future first because when it…

— Bilal bin Saqib MBE (@Bilalbinsaqib) July 16, 2025

Today, El Salvador proudly holds more than 6,089 BTC, worth a jaw-dropping $722 million. Not too shabby, considering that Bukele was once dismissed as a crypto fool. But then again, visionary leaders tend to make the world a little uncomfortable with their brilliance.

Pakistan’s Deal to Jump on the Crypto Bandwagon

During their diplomatic crypto powwow, Saqib and Bukele signed a Letter of Intent, solidifying a partnership that will see the two countries swap ideas and build Bitcoin projects together. We can only imagine the intricate blockchain plans that will come out of this meeting. For Pakistan, the hope is to use crypto and blockchain to bring financial services to the masses and grow the digital economy.

But of course, Bukele’s vision stretches far beyond Bitcoin’s shiny surface. No, he’s thinking bigger, far more audaciously – AI, robotics, and emerging tech. It’s a good reminder: it’s not about having the biggest resources, but having the audacity to make decisions that might just change the world.

Pakistan’s Bitcoin Ambitions Hit IMF Wall

Pakistan, ever the ambitious risk-taker, has already made moves to build a Bitcoin empire of its own. Earlier this year, it earmarked a hefty 2,000 megawatts of spare electricity for crypto mining and AI centers. But, unsurprisingly, the IMF threw a fit. They warned that cheap power for crypto could wreck the global financial system. Ah, the usual doom and gloom.

However, not all hope is lost. At the recent Bitcoin Conference in Las Vegas, Michael Saylor, the founder of Strategy, openly praised Pakistan’s audacious plan to build a national BTC reserve and even promised to lend a hand in its development. Looks like Bitcoin’s rebellious energy is starting to resonate with some people, after all.

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2025-07-17 13:52