Michael Saylor, co-founder of Strategy, has offered to assist Pakistan in developing its Bitcoin reserve strategy following a meeting with the country’s financial leaders.
Meeting with Finance Minister
Saylor met with Finance Minister Muhammad Aurangzeb and State Minister for Blockchain and Crypto Bilal Bin Saqib in Islamabad. They discussed Pakistan’s new digital asset framework and its intentions to integrate Bitcoin into its reserve strategy.
Pakistan's Strategy and Potential
Saylor emphasized Pakistan's potential, noting its many talented individuals. He highlighted that leadership and clarity in Bitcoin approaches could attract capital to the country. "When the world sees a nation taking a leadership role in Bitcoin, they get behind the leader and they send their money to you."
Development of Digital Assets in Pakistan
Recently, Pakistan confirmed plans to establish a national Bitcoin reserve and created the Pakistan Digital Assets Authority. Government officials plan to allocate 2,000 megawatts of electricity for Bitcoin mining to maximize energy resources and attract foreign investments.
Michael Saylor's advisory could mark a significant step in shaping an effective digital asset strategy in Pakistan, potentially fostering the country's economic development.
