Pakistan’s Bitcoin Reserve: A Bold Move or Just a Trendy Fad?
So, Bilal Bin Saqib, the head honcho of Pakistan’s crypto council (yes, that’s a thing now), decided to drop a bombshell on May 28. Drumroll, please… Pakistan is going to establish a strategic Bitcoin reserve! 🎉
At the glitzy Bitcoin 2025 conference in Las Vegas (because where else would you announce something so serious?), Saqib declared that Pakistan is following in the footsteps of the United States. Apparently, they’re all about those pro-crypto vibes now. He told the audience:
“Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United States of America again because we were inspired by them.” 🙄
Can we just take a moment to appreciate the irony? This is a massive U-turn from Pakistan’s previous stance, which was basically a big fat “no” to cryptocurrencies. It’s like saying, “We’ll never eat pizza!” and then showing up with a slice in hand. 🍕
But wait, there’s more! This shift is part of a larger trend where countries are suddenly all about crypto, thanks to the regulatory rollercoaster in Washington, DC during the Trump era. Who knew politics could be so… unpredictable?
Stay tuned, folks! This story is still developing, and who knows what other surprises are in store? Maybe next, they’ll announce a strategic reserve of avocado toast. 🥑
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2025-05-29 00:13