Bitcoin in Pakistan: The Youth Are Ready, But Is Larry David?

by

So, apparently, Pakistan’s demographics are setting it up to be the LeBron James of Bitcoin adoption. Yes, you heard that right. According to Bilal Bin Saqib, Pakistan’s state minister of crypto and blockchain (a title I’m sure he got after a rousing game of “Rock, Paper, Scissors”), the country is about to “leapfrog” over developed nations. 🐸💨 Because nothing screams progress like bypassing countries with actual paved roads.

“A global policy shift has happened,” Bin Saqib told CryptoMoon in an exclusive interview. Wow, thanks for breaking it down, Captain Obvious. 🙄 Apparently, this epiphany struck Pakistan in November 2024 when they decided to regulate crypto. And guess what? They’ve already got 40 million crypto wallets. That’s more wallets than episodes of *Seinfeld* I’ve rewatched. 🖐️💼

“Pakistan’s median age is 20. We have 250 million people, and 70% under the age of 30. If Pakistan’s youth were to be a country, it would be the ninth or tenth most populous country on earth.”

Let me get this straight: Pakistan’s youth are so young and energetic that they could form their own nation. Meanwhile, I can barely muster the energy to change out of sweatpants by noon. 😴 The minister went on to say that emerging markets like Pakistan will “leapfrog” adoption because smaller countries are nimbler. “It’s easier to make a speedboat move than the Titanic,” he said. Oh, great analogy, professor. Did you come up with that all by yourself? 🚤🚢

Pakistan Teams Up With El Salvador: A Bromance For the Ages

In July, Pakistan signed a letter of intent with El Salvador to share knowledge about Bitcoin, digital assets, and mining infrastructure. Wait, what? These two countries are now besties? What’s next—a joint TikTok dance challenge? 🕺💃

“The cooperation is essentially based on how emerging economies… can leverage technology and other financial instruments for national growth,” Bin Saqib explained. Sure, sounds fancy. But let’s be honest—they’re probably just texting memes at this point. 📱😂

Mining Bitcoin With Excess Energy: Genius or Just Desperate?

Here’s where things get really wild. Pakistan apparently has too much electricity. Yes, TOO MUCH. “We have excess electricity, which we pay capacity charges for,” Bin Saqib said. Imagine paying bills for something you don’t even use. It’s like subscribing to three streaming services and only watching cat videos. 🐱📺

So, naturally, they’re planning to allocate 2,000 MW of this excess energy to mine Bitcoin and power AI data centers. They’re also looking into using methane runoff as an energy source. Methane runoff? Really? If this doesn’t scream “desperation,” I don’t know what does. 🤷‍♂️💨

In conclusion, Pakistan is going full steam ahead with Bitcoin while I’m still trying to figure out how to Venmo my nephew for his birthday. Good luck to them—I hope their Titanic stays afloat. ⛵🌊

Read More

2025-07-26 20:39