Pakistan and El Salvador Partner on Bitcoin Adoption
Pakistan and El Salvador have formalized cooperation to advance Bitcoin adoption through a Letter of Intent signed by PCC Chairman Bilal bin Saqib and President Nayib Bukele in San Salvador. The pact outlines joint efforts in public Bitcoin adoption, financial inclusion and blockchain policy development. El Salvador will share its expertise in managing over 6,240 BTC (worth roughly $740 million) as a national reserve. Pakistan plans to use 2,000 MW of surplus electricity under its $7 billion IMF-backed program to build mining infrastructure. The agreement highlights digital economy growth, resource-saving solutions and upcoming talks on blockchain-based public services. This strategic alliance aims to strengthen financial innovation and provide a policy blueprint for emerging markets.
Bullish
This news is bullish for Bitcoin adoption because it marks the first major international collaboration on Bitcoin policy and infrastructure between two nations. In the short term, the market may see a rise due to increased confidence from state-level endorsement and expected mining capacity growth from Pakistan’s surplus electricity plan. In the long term, shared expertise on managing over 6,240 BTC reserves, coordinated blockchain policy frameworks, and IMF-backed infrastructure investment could foster deeper financial inclusion and steady demand, reducing volatility and underpinning sustainable price appreciation.