On Friday, June 20, 2025, the price of Bitcoin (BTC) reached PKR 30,113,086.44, showing a slight increase from PKR 29,323,780.72 recorded on Thursday, June 19, 2025.
According to data from cryptocurrency exchange Coinbase, the surge in Bitcoin’s price was supported by higher trading activity, especially after the recent U.S. presidential election. The fourth-quarter profits exceeded expectations, largely driven by renewed interest in Bitcoin and other cryptocurrencies.
The market’s enthusiasm was fueled by Donald Trump’s victory in the November election, which contributed to Bitcoin crossing the $100,000 mark. Investors are optimistic about potential crypto-friendly regulations under the new administration.
Regulatory Caution in Pakistan
Despite global excitement, it's worth noting that in 2018, the State Bank of Pakistan (SBP) had warned all commercial banks and financial institutions against dealing in cryptocurrencies such as Bitcoin and Litecoin. The SBP emphasized the potential risks involved, including volatility and lack of regulatory oversight.
👉 Read More: [XRP to PKR: June 20, 2025 Conversion Rate]
---
What is Bitcoin?
Bitcoin is a digital currency built using encrypted computer code. Unlike traditional fiat currencies such as the US Dollar or Euro, it is not issued or controlled by any government or central bank. Instead, Bitcoin operates on a decentralized network, where the community of users collectively manages and validates transactions.
Supporters believe that this decentralized system offers advantages, such as protection from inflation or monetary policy manipulation, making Bitcoin a more efficient and transparent financial tool. Like conventional currencies, Bitcoin can be used to buy goods and services or exchanged into other currencies when accepted by the receiver.
---
Origin of Bitcoin
Bitcoin was introduced in 2009 by an anonymous entity using the pseudonym Satoshi Nakamoto. In 2022, Craig Wright, an Australian entrepreneur, claimed to be Nakamoto; however, his claim has been met with significant skepticism and legal challenges.
Since its creation, Bitcoin has inspired the development of thousands of other cryptocurrencies. Yet, BTC remains the most recognized and widely accepted among them, with growing adoption by businesses worldwide.
Bitcoin transactions are secured and verified by a decentralized network using cryptographic techniques. The system ensures that coins cannot be spent more than once. New Bitcoins can be generated through a process called mining, involving complex mathematical computations. However, the total supply is capped at 21 million BTC, making it a finite digital asset.
---
Disclaimer:
This article is intended for informational purposes only and does not constitute financial or investment advice. Readers are advised to verify current prices and consult with financial professionals before making any investment or trading decisions.