Pakistan’s Young Population and Excess Energy Could Support Growing Bitcoin Adoption and Mining Efforts
Main Idea
Pakistan is leveraging its young population and excess energy to boost Bitcoin adoption, supported by government regulations and international partnerships like with El Salvador.
Key Points
1. Pakistan's median age of just over 20 years and 40 million crypto wallets highlight its youth-driven market for Bitcoin adoption.
2. In November 2024, Pakistan introduced comprehensive crypto regulations and established the National Crypto Council to balance oversight with growth opportunities.
3. Pakistan's partnership with El Salvador focuses on Bitcoin development, including energy-efficient crypto mining and educational programs.
4. Pakistan plans to allocate 2,000 MW of its estimated 10,000 MW excess energy to Bitcoin mining and AI, aiming for sustainability and cost-effectiveness.
5. The government's strategic embrace of Bitcoin adoption is seen as a catalyst for economic transformation.
Description
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