Pakistan’s Bold Bitcoin Move: Establishing a Strategic Reserve Inspired by U.S. Crypto Policies

In a significant shift in its cryptocurrency policy, Pakistan has announced plans to create a government-backed Bitcoin Strategic Reserve, drawing inspiration from U.S. crypto strategies. Bilal bin Saqib, the head of the Pakistan Crypto Council, revealed this ambitious initiative at the Bitcoin 2025 conference in Las Vegas. The reserve is designed to hold Bitcoin indefinitely, underscoring a long-term commitment to the digital asset rather than engaging in speculative trading. This move marks a dramatic pivot for Pakistan, which has historically been cautious about cryptocurrencies. The announcement comes at a time when Bitcoin’s price stands at 108,782.60 USDT, reflecting the growing global interest in digital assets as a store of value. The Pakistan Crypto Council’s strategy mirrors the U.S. approach, which has increasingly embraced cryptocurrencies as part of its financial ecosystem. By establishing a Bitcoin reserve, Pakistan aims to position itself as a forward-thinking player in the global crypto market, potentially attracting investment and fostering innovation in the sector. This development could also pave the way for broader adoption of cryptocurrencies in the region, as other nations may follow suit. The long-term holding strategy signals confidence in Bitcoin’s enduring value, aligning with the views of many crypto proponents who see it as a hedge against inflation and economic instability. As of May 29, 2025, the crypto community is closely watching Pakistan’s next steps, as this initiative could have far-reaching implications for the global cryptocurrency landscape.

Pakistan Announces Bitcoin Strategic Reserve, Mirroring U.S. Crypto Strategy

Pakistan is making a dramatic pivot in its cryptocurrency stance with plans to establish a government-backed Bitcoin Strategic Reserve. Bilal bin Saqib, head of the Pakistan Crypto Council, unveiled the initiative at the Bitcoin 2025 conference in Las Vegas, crediting U.S. crypto policies as inspiration. The reserve will hold Bitcoin indefinitely, signaling a long-term commitment rather than speculative trading.

This move marks a stark reversal from Pakistan’s 2023 position, when its finance ministry declared cryptocurrencies illegal. The decision reflects growing global crypto adoption pressures and a bid to position Pakistan as South Asia’s first nation to embrace decentralized finance at a sovereign level.

The U.S. currently holds 463,741 BTC—approximately 2.3% of Bitcoin’s total supply—setting a precedent for national crypto reserves. Pakistan’s strategic accumulation could provide economic insulation amid its ongoing financial and geopolitical challenges.

El Salvador Defies IMF With Continued Bitcoin Purchases Amid Fiscal Review

El Salvador acquired eight additional bitcoins this week, signaling unwavering commitment to its cryptocurrency strategy even as the International Monetary Fund finalized a positive review of the country’s $1.4 billion Extended Fund Facility. The purchase occurred hours after IMF staff acknowledged macroeconomic progress, creating a striking juxtaposition between fiscal compliance and crypto ambition.

President Nayib Bukele’s administration appears to have engineered a technical workaround to continue accumulating bitcoin while maintaining IMF program compliance. The fund reiterated its demand for frozen government crypto holdings and set a July deadline for winding down the state-run Chivo wallet system.

Market observers note the purchases demonstrate bitcoin’s entrenched role in El Salvador’s economic policy, with the Bitcoin Office publicly celebrating each acquisition. The tension highlights broader debates about sovereign cryptocurrency adoption versus traditional financial oversight frameworks.

Bitcoin Price Shows Strength as BCMI Signals Early Accumulation Phase

Bitcoin’s market dynamics are showing signs of a potential turnaround, with the Bitcoin Combined Market Index (BCMI) indicating an early accumulation phase. Developed by analyst Woominkyu, the BCMI aggregates four key on-chain metrics—MVRV, NUPL, SOPR, and the Fear & Greed Index—to gauge market sentiment and cycle stages.

A recent rebound in the BCMI suggests improving sentiment and reduced profit-taking, often precursors to upward price movements. Readings below 0.15 signal extreme fear, typically NEAR macro bottoms, while values above 0.75 reflect euphoria at cycle tops. The current shift hints at growing institutional interest and a possible bullish inflection point.

Michael Saylor Targets $10 Trillion Valuation for Strategy with Bold Bitcoin Bet

MicroStrategy co-founder Michael Saylor has rebranded the company as Strategy (MSTR), transforming it into a Bitcoin-centric investment vehicle. The firm’s stock has surged 1,600% over three years, dwarfing the S&P 500’s 42% gain. Saylor, now executive chairman, projects a $10 trillion market cap—contingent on Bitcoin reaching $1 million per coin within a decade.

Strategy currently holds 580,250 BTC worth approximately $62 billion at current prices. Saylor’s vision implies a 100x appreciation from today’s valuation, positioning the company as a Leveraged play on Bitcoin’s ascent. "If you believe in crypto, this is the ultimate bet," remarked one analyst, noting how a $10,000 investment could theoretically balloon to $1 million under Saylor’s thesis.

The aggressive strategy carries existential risk. Bitcoin’s volatility remains a double-edged sword—while 2024’s rally to $107,000 has validated early bets, any sustained downturn could unravel the ambitious roadmap. Institutional adoption trends and macroeconomic factors will determine whether Saylor’s prophecy becomes reality or speculative overreach.

Bitcoin’s Bullish Momentum Wanes as ETF Traders Retreat from Upside Bets

Bitcoin’s record-breaking rally above $110,000 has stalled, with the cryptocurrency now trading sideways. The pause comes as options traders for BlackRock’s spot Bitcoin ETF (IBIT) show diminished appetite for bullish bets, signaling a potential shift in market sentiment.

The one-year put-call skew for IBIT options—a key gauge of market bias—has rebounded to near zero from minus 3.8 just two weeks ago. This retreat from negative territory suggests traders are no longer aggressively pricing in upside potential. Similar caution appears in Deribit-listed options, where short-term call skews have weakened to parity with puts.

All eyes now turn to Bitcoin’s $95,000-$105,000 range as $10 billion in BTC options approach expiry. The market’s next MOVE may hinge on whether institutional flows can reignite momentum or if a deeper pullback lies ahead.