Pakistan is shifting its stance on cryptocurrency by proposing the use of surplus electricity for Bitcoin mining. This initiative, introduced by the newly-formed Crypto Council led by CEO Bilal Bin Saqib, has gained support from senior government officials. The move aims to position Pakistan as a crypto-friendly nation while utilizing excess energy for economic benefits.
Pakistan Legalizes Cryptocurrency, Aligning with Global Trends
For years, Pakistan maintained strict restrictions on cryptocurrency, citing concerns over compliance with the Financial Action Task Force (FATF) regulations. However, on November 4, 2024, the government reversed its approach by officially recognizing digital assets as legal tender. This shift aligns with global trends, as many countries increasingly embrace blockchain technology and decentralized finance.
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U.S. Bitcoin Policies May Have Influenced Pakistan’s Decision
Some experts believe that Pakistan’s recent policy change was influenced by the evolving stance of the United States. Following his re-election, Donald Trump implemented pro-Bitcoin measures, including restricting the development of a US Central Bank Digital Currency and introducing a Bitcoin strategic reserve. These policies have sparked international interest and may have encouraged Pakistan to reconsider its position on digital assets.
Bitcoin’s Price Surge and Market Outlook
Bitcoin’s value has been experiencing an upward trend, with traders monitoring its approach toward a key resistance level of $87,470. If it surpasses this threshold, it could gain further momentum, attracting more investors.
According to financial analysts at DeepSeek AI, Bitcoin’s price in 2025 is projected to range between $100,000 and $150,000. In an optimistic scenario, it could climb to $350,000, while a rare “black swan” event might push it as high as $500,000. These forecasts are driven by increasing institutional adoption and the broader integration of blockchain technology.
Also Read : Polymarket Traders Bet on Bitcoin Decline to $75K by End of March
Pakistan’s Crypto Future
With government backing and global market trends favoring digital assets, Pakistan’s decision to explore Bitcoin mining presents potential economic opportunities. However, its success will depend on regulatory clarity, infrastructure development, and international cooperation within the crypto sector.
Polymarket Traders Bet on Bitcoin Decline to $75K by End of March
