Bitcoin Is a Relief, Not a Theory: Pakistan’s Case for Crypto Adoption
Pakistan views Bitcoin as a necessary relief against currency devaluation and financial exclusion, not just a speculative theory.Summary
Speaking at the Bitcoin MENA conference, Bilal Bin Saqib, CEO of the Pakistan Crypto Council, argued that Bitcoin is a practical necessity for Pakistanis rather than a speculative theory. He highlighted three main benefits: it serves as a crucial hedge against the rupee's severe devaluation, offering savings protection outside politically driven inflation; it provides financial identity and access for over 100 million unbanked citizens; and it enables freelancers to receive cheap, fast, and transparent cross-border payments. Furthermore, Bin Saqib positioned digital assets as essential infrastructure for Pakistan's young population, aiming to transform the large unregulated crypto market into a compliant ecosystem. He also proposed using Bitcoin mining and AI to monetize Pakistan's wasted energy capacity, turning stranded power into digital exports and fostering industrial renewal.
(Source：Bitcoin Magazine)