Pakistan Taps El Salvador Crypto Blueprint to Build Its National Bitcoin Reserve

Pakistan is turning to El Salvador for inspiration as it aims to adopt Bitcoin on a national level. A recent high-profile meeting may signal the start of a new crypto alliance.

Pakistan is getting serious about cryptocurrency—and it’s looking to El Salvador as a guide. This week, Bilal Bin Saqib, head of the Pakistan Crypto Council and special advisor to the prime minister, traveled to San Salvador to meet with President Nayib Bukele, the world’s first leader to make Bitcoin legal tender.

Saqib praised Bukele as a forward-thinker who embraced Bitcoin when others hesitated. While institutions like the IMF raised alarms, Bukele continued to acquire Bitcoin for the country’s treasury. Today, El Salvador holds over 6,089 BTC, currently valued at approximately $722 million.

During the visit, Saqib and Bukele signed a Letter of Intent that outlines collaboration on blockchain initiatives and national-level Bitcoin projects. For Pakistan, the main goal is to use blockchain and digital assets to expand financial access and stimulate growth in its digital economy.

However, Bukele’s ambitions stretch even further—his administration is exploring opportunities in AI, robotics, and advanced tech sectors, sending a message that transformative progress doesn’t require vast resources—just bold leadership and belief.

Pakistan itself has already taken steps toward crypto mining, allocating 2,000 megawatts of surplus energy for BTC mining and AI data centers. However, this move hit resistance from the International Monetary Fund, which expressed concerns that subsidized electricity for crypto could destabilize the broader market.

Still, momentum continues. At the Bitcoin Conference in Las Vegas, MicroStrategy founder Michael Saylor endorsed Pakistan’s push toward establishing a sovereign Bitcoin reserve. He’s now offering strategic assistance to help them make it happen.

With the global crypto map shifting rapidly, Pakistan’s alignment with El Salvador may represent the next chapter in sovereign-level Bitcoin adoption.

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