Pakistan Crypto Minister: Demographics Will Drive Country's Bitcoin Adoption in "Leaps and Bounds"

On July 27, Cointelegraph reported that Bilal Bin Saqib, Pakistan's Minister of State for Cryptocurrency and Blockchain, stated that the country's demographics will drive Bitcoin adoption to achieve a "leapfrog development," surpassing developed countries. Bilal Bin Saqib pointed out that Pakistan has 40.00 million crypto wallets and is one of the top five countries in the world for cryptocurrency adoption. The country has a median age of 20 years and a total population of 250.00 million, 70% of whom are under 30 years old. He said, "Emerging markets will achieve leapfrog development in the adoption of these new technologies, and small countries will find it easier to adopt Bitcoin." Previously, it was reported that Pakistan and El Salvador signed a letter of intent in July to share knowledge in Bitcoin education, digital asset infrastructure, and crypto mining energy development. Pakistan plans to use up to 10,000.00 megawatts of surplus electricity for Bitcoin mining, of which 2,000.00 megawatts will be allocated to Bitcoin mining and artificial intelligence data centers. [TechFlow]