In what can only be described as the world’s most exciting game of “Who Can Shake Hands With the Most Billionaires,” Pakistan’s Minister of State for Crypto and Blockchain, Bilal Bin Saqib, decided to expand his social circle. Rumor has it he’s now attempting to team up with Wall Street, possibly to get better Wi-Fi or maybe just because he enjoys the thrill of billion-dollar meetings.
A June 6 post on X (because who still calls it Twitter?) from the Pakistan Crypto Council shows that Saqib had tea with Brandon Lutnick, the big boss of Cantor Fitzgerald—no, not a new superhero, just a very old and very rich financial firm. The meeting was reportedly about “tokenization, Bitcoin mining, Pakistan’s Web3 future, and ways to definitely not mess it up.” Apparently, the future of crypto in Pakistan is about as predictable as a cat on a skateboard. 🐱🛹
And if that wasn’t enough, our crypto envoy also met with New York City Mayor Eric Adams, who recently declared he’s launching a Bitcoin bond in the Big Apple. Because nothing screams “safety” like mixing city finances with digital currencies that can vanish faster than your paycheck after a night out.
The post cheekily states:
“New York is Lahore.”
Because apparently, Lahore and NYC are the same place now? Who knew? 🤔
Meanwhile, Cantor Fitzgerald, the firm that’s roughly as old as the invention of the wheel, has been diving headfirst into crypto. They’re reportedly teaming up with giants like SoftBank, Tether, and Bitfinex to create a $3 billion crypto acquisition machine. Because what’s more fun than spending billions of dollars on digital coins and staking your claim in the blockchain wilderness?
Additionally, they’ve dipped their toes into owning 5% of Tether—a stablecoin, because sometimes you want your money to be as steady as a yodeling mountain goat. Now, they’re also trusting Anchorage Digital and Copper with Bitcoin custody and collateral—because nothing says “trust” like handing over your digital gold to a third party while you go make more money. 💰
Pakistan’s Big Bitcoin Friendship Tour
Not to be outdone, Saqib also schmoozed with Robert “Bo” Hines from Trump’s digital assets council during a White House visit. The topic? Cryptocurrency cooperation—think of it as international crypto speed dating, but with more suits and fewer romantic misunderstandings.
In a surprising plot twist, Pakistan announced plans to establish a Bitcoin reserve—yes, a literal vault of digital money—marking a dramatic turnaround from their “cryptos are the devil” stance. Maybe they just needed a lot of electricity to mine enough Bitcoin to buy a small country? Or perhaps they just like the idea of having a secret stash of digital shiny stuff. ☠️
Saqib, appointed as the crypto czar by Prime Minister Shehbaz Sharif, also revealed Pakistan is lighting up 2000 megawatts of surplus electricity solely for Bitcoin mining and AI centers—because why not turn the power to the nation into a giant digital gold rush? And all this without causing a blackout during the next episode of “Crypto Gone Wild.”
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2025-06-06 12:53