Bitcoin (BTC) has recently surged past $111,000, driven by significant institutional investments and favourable regulatory developments. A key factor in this rally is the approval of spot Bitcoin ETFs in the U.S., attracting substantial inflows from major firms like BlackRock and Fidelity . Additionally, the U.S. government's establishment of a Strategic Bitcoin Reserve, holding approximately 200,000 BTC, underscores the cryptocurrency's growing role as a national asset .
In Pakistan, the launch of the Pakistan Crypto Council and the unveiling of the country's first government-led Strategic Bitcoin Reserve highlight a regional shift towards embracing digital assets . These developments, coupled with Bitcoin's inherent scarcity and increasing adoption, have led analysts to predict a potential rise to $145,000 within the year . As institutional interest continues to grow, Bitcoin's position as a mainstream financial asset appears increasingly solidified.
