Demographics will 'leapfrog' Bitcoin adoption in Pakistan — Bilal Bin Saqib
Main Idea
Pakistan's young and tech-savvy population, along with inflationary pressures, is driving Bitcoin adoption and the development of a new financial system, with the government actively regulating and promoting crypto and blockchain technologies.
Key Points
1. Pakistan's median age is 20.6 years, with 70% of its 250 million population under 30, making it a young and dynamic demographic for Bitcoin adoption.
2. The government of Pakistan moved to regulate crypto in November 2024, and the country has 40 million crypto wallets, ranking it among the top five globally.
3. Pakistan is leveraging excess electricity, up to 10,000 MW, for Bitcoin mining and AI, turning a liability into an opportunity.
4. The country is collaborating with El Salvador on Bitcoin policy and development, aiming to use digital assets for national growth.
5. Pakistan's National Crypto Council is working on a framework for digital assets, including licensing crypto exchanges and utilizing excess energy for mining.
Description
A young and tech-savvy population, combating inflationary pressures, is driving Bitcoin adoption and a new financial system in Pakistan.
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