Strategy’s Saylor meets with Pakistani leaders to advance crypto
Pakistan is gradually becoming pro-crypto, with the government establishing a crypto authority to regulate the industry. Recently, Michael Saylor, the executive chairman of Strategy, met with the Ministry of Finance of Pakistan to commend its efforts in the crypto space.
On June 15, Saylor met with Muhammad Aurangzeb, the Finance Minister of Pakistan, and Bilal Bin Saqiib, the state minister for Blockchain and crypto. The discussion focused on how Bitcoin can operate in a state reserve and the nation’s planned crypto policies.
According to a report by Dawn, Saylor expressed interest in becoming an advisor to Pakistan. In a video posted on the social media platform X by an employee of the Finance Ministry, Saylor mentioned that Pakistan has many intelligent people and highlighted the potential for business collaborations.
Saylor used his company, Strategy, as an example of how Pakistan can lead intellectually. Strategy is the largest holder of Bitcoin, with approximately 582,000 BTC valued at over $61 billion. The firm’s share price has surged by more than 3,000% since its initial BTC purchase in mid-2020, with billions of dollars in debt and shares being sold to make purchases.
Why is The Trust Necessary?
Pakistan is gradually becoming pro-crypto, with the government establishing a crypto authority to regulate the industry. Saqiib mentioned that Pakistan is working towards building a BTC reserve. Saylor emphasized to the ministers that the market has invested billions of dollars because they trust him and stressed the importance of intellectual leadership.
He stated that trust and intellectual leadership are key in attracting funds and resources to Pakistan. Saylor believes that once the world trusts a leader in a specific industry, investments and support follow. He expressed confidence that this will also happen for Pakistan.
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