Pakistan is emerging as a hub for expanding Bitcoin (BTC) usage based on its young population structure. Bilal Bin Saqib, the State Minister for Cryptocurrency and Blockchain in Pakistan, recently stated in an interview that "global policy environments are changing, and Pakistan is moving in line with this trend".
He emphasized that "a 'leapfrog' opportunity is being created, allowing Pakistan to skip the stages traditional financial advanced countries have gone through" and highlighted Pakistan's potential to become a key country in Bitcoin adoption. In fact, Pakistan has officially embarked on industry development by establishing a cryptocurrency regulatory framework in November 2024.
Currently, Pakistan has over 40 million cryptocurrency wallets and ranks in the top 5 countries in terms of cryptocurrency adoption rate. This widespread adoption is backed by a population structure with an overwhelmingly high proportion of young people. The minister explained that "Pakistan's total population is 250 million, with 70% being 30 years old or younger" and that "in a country with a median age of 20, even the youth alone would constitute a top 10 global population country".
Based on these demographic statistics, the minister predicted that "the next generation will lead the transition to a technology-centered economy" and that cryptocurrency will serve as a catalyst for Pakistan's digital economic leap. He particularly emphasized that blockchain and Bitcoin adoption could be a meaningful choice in terms of economic efficiency, especially by bypassing regulatory gaps or underdeveloped financial systems in emerging countries.
The Pakistani government plans to continue refining digital asset policies, including central bank digital currency (CBDC), and expand connections with the global market.
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