Pakistan Announces Strategic Bitcoin Reserve Amid Market Volatility
In a significant move at the Bitcoin 2025 Conference in Las Vegas, Pakistan revealed plans to establish a strategic Bitcoin reserve, inspired by U.S. initiatives to tackle economic challenges. Bilal Bin Saqib, special assistant to the Pakistani prime minister on blockchain, confirmed the country's commitment to holding BTC indefinitely. This announcement comes as Bitcoin faces resistance above $110K, experiencing a 2% drop this week. The decision underscores Pakistan's bullish stance on digital assets as a hedge against economic instability, potentially setting a precedent for other nations. With the current market correction, Pakistan's long-term holding strategy could position it advantageously in the evolving crypto landscape.
Pakistan to Launch Strategic Bitcoin Reserve Amid Market Correction
Pakistan's government announced plans to establish a strategic bitcoin reserve during the Bitcoin 2025 Conference in Las Vegas. Bilal Bin Saqib, special assistant to the Pakistani prime minister on blockchain, confirmed the country will hold BTC indefinitely, citing inspiration from similar U.S. initiatives to address economic challenges.
Bitcoin's price faced resistance above $110K this week, triggering a 2% drop to $107K. Despite institutional accumulation—including notable buys from GameStop and Strategy—bearish pressure persists. The MOVE by Pakistan could signal growing sovereign adoption as a hedge against macroeconomic instability.
Goldman Sachs Analyst Foresees $4,000 Gold by 2026, Draws Parallels to Bitcoin
Goldman Sachs' global commodities research co-head Daan Struyven predicts Gold could reach $4,000/oz by mid-2026, a potential 21% surge from current $3,310 levels. The projection, made during an energy strategy interview, may reignite institutional interest in hard assets.
Struyven identifies Bitcoin$107,743 as gold's digital counterpart, noting both assets derive value from absolute scarcity. "Nearly all above-ground gold has been mined, while Bitcoin's supply algorithmically constrains issuance," he observed. This inherent scarcity premium positions both as hedges against monetary inflation.
While acknowledging Bitcoin's superior historical returns, the analyst cautioned about its volatility extremes. The comparison emerges as institutional portfolios increasingly allocate to both asset classes, with gold serving as a stability counterweight to crypto's growth potential.
GameStop Allocates $505 Million to Bitcoin as Part of Strategic Overhaul
GameStop Chairman Ryan Cohen unveiled the company's $505 million Bitcoin acquisition at the 2025 Bitcoin Conference in Las Vegas. The move signals a radical pivot for the struggling retailer amid its transition from physical media sales to digital asset strategies.
"Retail demands brutal cost discipline," Cohen told Nakamoto Inc CEO David Bailey during the keynote interview. The executive detailed how aggressive fiscal restructuring preceded the crypto allocation, with Bitcoin serving as both a treasury asset and philosophical statement about decentralized finance.
New York City Announces World's First Bitcoin-Backed Municipal Bonds
New York City is set to launch the world's first Bitcoin-backed municipal bonds, dubbed BitBonds, as part of Mayor Eric Adams' push to establish the city as a global hub for crypto finance. The announcement was made during Adams' keynote at the Bitcoin 2025 conference in Las Vegas. These bonds will be backed by Bitcoin rather than traditional fiat, offering crypto investors a novel way to fund city projects.
"It's time for this city to have a financial instrument built for Bitcoin holders," Adams declared. The bonds aim to attract Bitcoin-savvy capital while reinforcing NYC's position in the evolving financial landscape. A dedicated crypto council has been established to oversee policy implementation.
While structural details remain unclear—including whether interest payments will be denominated in BTC or USD—the initiative signals growing institutional acceptance of Bitcoin as collateral. Adams framed the move as part of money's evolutionary arc, from ancient shells to digital assets.
Bitcoin Spot ETFs See Record Volume Surge as Institutional Adoption Accelerates
The cryptocurrency market is witnessing a pivotal shift as Bitcoin spot ETFs attract unprecedented institutional capital. Daily trading volumes have shattered records, with BlackRock's IBIT leading a $5.77 billion March inflow—the highest since November's historic rally. This isn't speculative fever but structured investment: net outflows occurred on just four days since mid-April.
Traditional finance's embrace of BTC as a treasury asset marks a new phase of adoption. The SEC-approved vehicles provide regulated exposure, converting crypto's volatility into portfolio-compatible risk. When firms like Millennium Management disclose ETF holdings, it signals broader acceptance beyond crypto-native investors.
Market structure is adapting to this demand. CME's BTC futures open interest now rivals Binance's, while spot volumes increasingly flow through compliant channels. The next test comes as ethereum ETFs face SEC decisions—approval could trigger cross-asset momentum.
Trump Brothers Predict Bitcoin Surge to $170K by 2026 Amid Institutional Adoption
Donald TRUMP Jr. and Eric Trump have projected Bitcoin could reach between $150,000 and $175,000 by the end of 2026, with Eric quipping it might go "to the moon." The brothers made the remarks at the Bitcoin 2025 conference in Las Vegas, citing growing institutional demand. "Every day, people are allocating billions to it," Eric said. "Even 0.1 BTC will be worth a fortune."
Bitcoin currently trades around $107,502, slightly below its May 22 all-time high of $112,000. The Trump siblings have become vocal crypto advocates, backing ventures like World Liberty Financial and American Bitcoin, a mining firm linked to Trump-led American Data Centers. The latter plans to go public via SPAC this year.
Michael Saylor, executive chairman of MicroStrategy, reportedly inspired their crypto pivot. Eric recounted Saylor's advice to mortgage Mar-a-Lago for Bitcoin: "Do what I'm doing." This influence also spurred Trump Media's $2.5 billion Bitcoin treasury initiative. According to Eric, global institutions and private offices are now formulating Bitcoin treasury strategies, creating a "no one wants to sell" mentality.
