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Pakistan is doubling down on its Bitcoin ambitions by recruiting high-profile crypto figures like Michael Saylor and Binance’s CZ to advise its state-led Bitcoin reserve initiative. The move signals a bold geopolitical and economic pivot, despite tensions with the IMF over energy allocation. With surplus power and a ‘digital non-alignment’ strategy, Pakistan aims to reduce dollar dependence.
- Michael Saylor and Binance’s CZ appointed as advisors to Pakistan’s state-led Bitcoin reserve, signaling global crypto influence in the initiative.
- Pakistan plans to divert 2 GW of surplus energy to Bitcoin mining, despite IMF concerns over grid stability during bailout negotiations.
- The Bitcoin reserve is framed as a ‘digital non-alignment’ strategy to reduce U.S. dollar dependence, even as crypto trading remains technically illegal under central bank rules.
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Other Tags: International Monetary Fund (IMF)