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Bitcoin to Pakistani Rupee rates for January 17, 2025
The price of Bitcoin (BTC) was recorded at Rs 28387131.75 in Pakistani Rupees (PKR) on January 17, 2025 following an increase during today’s trading session.
Bitcoin has experienced major increases since the United States elected Donald Trump as president, as investors anticipate that the new administration will implement more favourable policies for cryptocurrencies.
It is pertinent to mention that in 2018, the State Bank of Pakistan (SBP), issued a notice in which, they warned commercial banks and general banks against the use of cryptocurrencies like Bitcoin or Litecoin.
What is Bitcoin?
Bitcoin is a virtual currency created from computer code. Unlike a real-world unit such as the US dollar or euro, it has no central bank and is not backed by any government.
Instead, Bitcoin’s community of users control and regulate it. Advocates say this makes it an efficient alternative to traditional currencies because it is not subject to the whims of a state that may devalue its money to boost exports, for example.
