Minister of Cryptocurrency in Pakistan: Demographics will drive "leap" adoption of Bitcoin in Pakistan
The State Minister for Cryptocurrency and Blockchain in Pakistan, Bilal Bin Saqib, stated that Pakistan's demographic structure is a key catalyst for Bitcoin adoption, enabling it to "leapfrog" developed countries. Currently, Pakistan has around 40 million cryptocurrency wallets, placing it among the top five in the world in terms of cryptocurrency adoption, mainly due to its young, tech-savvy population. Pakistan plans to utilize 2000 megawatts of surplus electricity for Bitcoin mining and building AI data centers, as well as exploring the possibility of implementing a national Bitcoin reserve and issuing a stablecoin. In July, the country also signed a memorandum of understanding with El Salvador, planning to collaborate on education, infrastructure, and energy development related to Bitcoin. (Cointelegraph)
