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On May 28, 2025, Bilal bin Saqib, the CEO of the Pakistan Crypto Council and the country’s Minister of Crypto and Blockchain, made an announcement that is set to redefine Pakistan’s stance on digital currencies. At the Bitcoin 2025 Vegas conference, Bilal revealed that Pakistan would be creating a national reserve of Bitcoin. The announcement comes amid a broader national initiative to allocate 2000 megawatts (MW) of electricity to power both Bitcoin mining operations and artificial intelligence (AI) data centers. This strategic move places Pakistan among the growing number of countries looking to adopt blockchain and cryptocurrencies on a governmental level.
The Pakistan Crypto Council (PCC), a government-backed entity designed to regulate and promote blockchain technology and digital assets within Pakistan, is spearheading this initiative. The government’s decision to create a national Bitcoin reserve highlights its commitment to integrating cryptocurrency into the country’s financial and technological infrastructure.
the Announcement and National Initiatives
At the Bitcoin 2025 Vegas event, Bilal bin Saqib made it clear that Pakistan’s new Bitcoin strategy was not motivated by speculation or hype but by a vision for long-term stability and technological growth. He emphasized that the government’s Bitcoin reserve would not be sold under any circumstances, positioning this move as a long-term investment in the country’s economic future.
The announcement is part of a wider strategic vision for the country, as Pakistan’s Finance Ministry also revealed plans to allocate 2000 MW of electricity to Bitcoin mining and AI data centers. This move aims to harness excess energy and transform it into opportunities for economic growth, high-tech job creation, and foreign investment. By investing in blockchain and digital assets, Pakistan hopes to boost its technological capabilities and enhance its international position in the rapidly evolving global digital economy.
Interestingly, Bilal acknowledged that Pakistan was taking inspiration from the United States, which has successfully implemented similar initiatives. The government’s decision to hold Bitcoin in a national wallet, where it will not be sold, signals a shift toward integrating blockchain technology as a mainstream financial asset, rather than a speculative tool.
What Undercode Says:
The announcement by Pakistan represents a bold step in the global cryptocurrency landscape. Governments around the world have been hesitant to adopt Bitcoin and other cryptocurrencies in an official capacity, often due to concerns about volatility, security, and regulation. Pakistan’s move to establish a national reserve of Bitcoin is both forward-thinking and pragmatic, positioning the country as an emerging leader in the blockchain space.
One of the most intriguing aspects of this decision is the commitment to never sell the Bitcoin held in the national reserve. This strategy aligns with the philosophy that cryptocurrencies, particularly Bitcoin, will continue to increase in value over time, making it a highly valuable asset for long-term financial security. This approach reflects a belief in the future stability and growth of Bitcoin, signaling that Pakistan is confident in the cryptocurrency’s long-term potential.
The allocation of 2000 MW of electricity for Bitcoin mining and AI centers further underscores Pakistan’s strategic positioning. The energy infrastructure is essential to fostering technological growth and providing the necessary resources for both blockchain-based industries and AI development. By securing this energy allocation, Pakistan is setting the stage for significant advancements in high-tech industries, potentially attracting foreign investment and creating new jobs in these high-growth sectors.
However, while Pakistan’s government-backed regulatory body, the Pakistan Crypto Council, plays a crucial role in promoting blockchain technology, there are challenges ahead. The integration of cryptocurrency into the financial system is still a relatively new concept for many, and the regulatory environment in Pakistan will need to evolve to keep pace with the demands of this growing industry. Furthermore, international scrutiny on cryptocurrency regulations may pose challenges to Pakistan’s plans, especially if other nations begin to impose stricter controls on digital assets.
Despite these challenges, the strategic Bitcoin reserve initiative is an ambitious step forward. It offers Pakistan the opportunity to leverage its technological resources and position itself as a key player in the global blockchain revolution. The national Bitcoin reserve could provide stability to the country’s economy, attract foreign investment, and help shape the future of digital currencies in the region.
Fact Checker Results:
✅ Bitcoin Reserve Creation: Confirmed by Bilal bin Saqib at Bitcoin 2025 Vegas conference.
✅ Electricity Allocation for Mining: Pakistan’s Finance Ministry announced 2000 MW for Bitcoin mining and AI data centers.
✅ No Plan to Sell Bitcoin: Bilal affirmed that the Bitcoin held in the national wallet will not be sold.
Prediction:
The creation of a national Bitcoin reserve by Pakistan could inspire other nations to follow suit, recognizing the long-term value of digital currencies as a store of wealth rather than just speculative assets. As global interest in cryptocurrencies continues to grow, we may see more governments take similar steps to position themselves in the digital economy. Pakistan’s focus on blockchain and AI also signals the potential for emerging tech hubs in the region, attracting international companies and investments, particularly in the energy sector. This move could pave the way for Pakistan to become a leading force in the global digital economy in the coming years.
References:
Reported By: timesofindia.indiatimes.com
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