Pakistan and El Salvador Join Hands for Bitcoin Adoption
Pakistan and El Salvador don tanda one letter of intent to work together make dem fit move Bitcoin forward. PCC chairman Bilal bin Saqib and Presiden Nayib Bukele sign the paper for San Salvador. The agreement talk say dem go work together for public Bitcoin use, financial inclusion and blockchain policy. El Salvador go help with experience how dem dey handle 6,240 Bitcoin wey worth around $740 million as dem national reserve. Pakistan plan to use 2,000 MW surplus electricity from their $7 billion IMF support program to build mining setup. The agreement show say digital economy go grow, dem go find solution to save resources and dem go do talks about blockchain-based public services. This alliance mean to boost financial innovation and give policy guide for markets wey dey grow.
Bullish
Dis news good for Bitcoin adoption because e show di first big international collabo on Bitcoin policy and infrastructure between two countries. Short term, market fit see rise cos government endorsement go increase confidence and mining capacity fit grow from Pakistan surplus electricity plan. Long term, di shared knowledge wey dem get on managing over 6,240 BTC reserves, coordinated blockchain policy framework and IMF-backed infrastructure investment fit help build deep financial inclusion and steady demand, e go reduce wahala of price wahala and support steady price rise.