Pakistan’s Bold Bitcoin Move: Will It Spark a Crypto Comeback? 💰🚀

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In a rather audacious display of economic bravado, the government of Pakistan has decided to dip its toes into the murky waters of cryptocurrency by launching a strategic Bitcoin (BTC) reserve. This grand announcement was made at the illustrious Bitcoin 2025 Conference, held in the opulent Venetian Convention Center in Las Vegas—because where else would one unveil such a momentous plan? Bilal Bin Saqib, the special assistant to the prime minister on blockchain and cryptocurrency (a title that surely comes with a cape), took to the stage to share this thrilling news.

With all the enthusiasm of a child at a candy store, Saqib proclaimed that Pakistan would establish a Bitcoin reserve that it would never, under any circumstances, sell. One can only imagine the collective gasp from the audience, as they pondered the implications of such a bold strategy. Following in the footsteps of the United States, which is also contemplating a strategic Bitcoin reserve to tackle its staggering debt, Pakistan seems to be saying, “If they can do it, why not us?”

“We are getting inspired by the U.S. government. We will be holding these Bitcoins and we will never, ever sell them,” Saqib stated, with the conviction of a man who has just discovered the joys of a well-aged whiskey.

What Next For Bitcoin Price Action? 🤔

Meanwhile, Bitcoin’s price has been on a rollercoaster ride, recently hitting a significant resistance level above $110k before plummeting into the abyss of market correction. As of Wednesday, May 29, during the late North American trading session, the flagship coin had dropped over 2 percent, trading at a mere $107k. One can only imagine the collective sigh of disappointment from crypto enthusiasts everywhere.

Despite the relentless bearish pressure that has gripped the market since last Friday, institutional investors have been accumulating Bitcoin like it’s going out of style. Led by none other than GameStop (because why not?), these savvy investors are acquiring more BTCs as a hedge against inflation, proving once again that in the world of finance, the absurd often reigns supreme.

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2025-05-29 02:37