Pakistan's Bitcoin Reserve: A Bold Move
Pakistan Unveils Bitcoin Strategic Reserve
Pakistan has announced plans to establish a Bitcoin strategic reserve, a move that has sent ripples through the global cryptocurrency community. Unlike many other reserves, this Bitcoin holding will not be sold, according to Bilal bin Saqib, CEO of the Pakistani Crypto Council (PCC) and Special Assistant to the Prime Minister on blockchain and crypto. He made the announcement at the Bitcoin Conference in Las Vegas.
Saqib stated, "The Pakistani government is setting up its own government-led Bitcoin strategic reserve. The national BTC wallet is not for speculation or hype. We’ll be holding these BTCs, and we’ll never sell them."
Inspiration from the US?
Saqib acknowledged the influence of the Trump administration's previous pledge to create a similar strategic reserve, noting, "He (Trump) was able to recognize that Bitcoin is not a threat but an opportunity for innovation, freedom, and sovereignty." Although this US initiative hasn't materialized, it sparked interest in other nations, including Pakistan.
Broader Crypto Initiatives in Pakistan
Pakistan's interest in cryptocurrency extends beyond the strategic reserve. The country is actively working on a legal framework to encourage crypto adoption and investment, aiming to move beyond its previous passive stance. This effort has led to partnerships with key figures in the industry, including Binance founder CZ, who serves as a strategic advisor to the PCC.
A recent partnership with Trump-backed World Liberty Financials (WLFI) further demonstrates Pakistan's commitment to crypto integration. Saqib highlighted the importance of this collaboration, stating, "Our collaboration with WLFI is a strategic move to integrate Pakistan into the future of global finance."
Market Context and Adoption
Pakistan boasts an estimated 40 million cryptocurrency users, and its young population presents a significant opportunity for growth. This substantial user base positions Pakistan among the top ten countries for crypto adoption according to the Chainalysis 2024 report. The implementation of a Bitcoin strategic reserve would place Pakistan alongside countries like El Salvador and Bhutan as holders of BTC.
According to BitBo data, only eight countries currently hold Bitcoin, with a collective value exceeding $57 billion (as of May 2025). This growing national-state adoption is seen as a significant factor potentially driving Bitcoin's long-term price growth.
At the time of writing, Bitcoin was trading at $108,000.
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