Pakistan Turns to El Salvador to Level Up Its Bitcoin Game

Pakistan is exploring Bitcoin adoption and strengthening crypto ties, following El Salvador's lead. Bilal Bin Saqib, head of Pakistan's Crypto Council, met with El Salvador's President Nayib Bukele to discuss Bitcoin and signed a Letter of Intent for collaboration on Bitcoin projects. El Salvador currently holds over 6,089 BTC, valued at approximately $722 million. Pakistan aims to leverage crypto and blockchain for financial inclusion and digital economy growth. Earlier this year, Pakistan allocated 2,000 megawatts of surplus electricity for crypto mining, but the IMF raised concerns, while Michael Saylor offered assistance in building a national BTC reserve.