Pakistan Crypto Minister: Demographics Will Drive Pakistan's "Leapfrog" Adoption of Bitcoin
Powered by ChatGPTPakistan's Minister of State for Cryptocurrency and Blockchain, Bilal Bin Saqib, stated that Pakistan's demographics are a major catalyst for Bitcoin adoption, enabling it to "leapfrog" developed countries. Currently, there are approximately 40.00 million crypto wallets in Pakistan, ranking it among the top five globally in crypto adoption, mainly benefiting from its young, tech-savvy population. Pakistan plans to use 2,000 megawatts of surplus electricity for Bitcoin mining and AI data center construction, and is exploring the deployment of national Bitcoin reserves and the issuance of stablecoins. In July, the country also signed a letter of intent with El Salvador to cooperate on Bitcoin education, infrastructure, and energy development. [Cointelegraph]