Pakistan Plans 2,000MW for Bitcoin Mining Operations

This is not just another policy update — it's a statement of intent. By allocating this much energy to support Bitcoin operations, Pakistan is signaling serious state-level involvement in the crypto space.

Pakistan is making headlines with a massive 2,000-megawatt (MW) infrastructure push to support Bitcoin (BTC) mining operations, according to a recent report by CoinoMedia.

This move comes as the South Asian nation is also focusing on cutting taxes for foreign firms and offering a clear legal framework for crypto. These policies are part of a broader strategy to attract institutions and capital to the country’s emerging digital asset industry.

At a time when energy-hungry Bitcoin mining is under intense scrutiny globally due to its carbon footprint, Pakistan is taking a different approach. Instead of banning or limiting crypto activities, the country is signaling its involvement in the crypto space.

As the world's 53rd largest economy, Pakistan is making an interesting play in the digital asset world. With institutions increasingly turning their attention to Bitcoin as a viable macro asset class, especially during times of economic uncertainty and inflation, this move by Pakistan is significant.

It is noteworthy that institutions are now pivoting towards Bitcoin in response to the burning issues of inflation and the diminishing returns on bonds, especially in the U.S., and cryptocurrency is becoming a hot topic in the investment sphere.

Earlier this year, Bitcoin's price dropped to $23,000, prompting crypto analysts to advise investors to buy the dips.

Earlier this week, a report by CCNow revealed that Bitcoin’s price is expected to hit $150,000 by 2026, according to crypto analyst and influencer Ben Armstrong, also known as Armstrong on Web3.

The crypto analyst made the prediction in a recent video analysis, where he shared his thoughts on Bitcoin’s price movements and his bullish outlook on the crypto market.

According to Armstrong, Bitcoin is currently in a "massive bull market," which began in 2023. He pointed out that the cryptocurrency had already experienced a significant price surge from $15,000 to $28,000.

However, he noted that Bitcoin's price had encountered resistance at the $28,000 level, leading to a slight pullback. Nonetheless, Armstrong expressed his belief that Bitcoin would soon break through the $30,000 mark and continue its upward trajectory.

Moreover, Armstrong highlighted the role of macroeconomics in Bitcoin’s price trends. He observed that whenever the stock market experienced difficulties, such as the recent downturn that began on Monday, May 22, cryptocurrency also followed suit. Conversely, when the stock market recovered, cryptocurrency showed signs of improvement as well.

This indicated a close correlation between the two asset classes, suggesting that broader market dynamics could influence cryptocurrency's price movements.

As the stock market and cryptocurrency navigated periods of volatility, Armstrong advised investors to remain focused on the long-term trends and to stay informed about the latest developments in the crypto space.

According to a recent report by Benzinga, Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, took to X, formerly Twitter, to share his thoughts on Bitcoin and why he believes it is a better investment than fiat currency.

The renowned investor has become a vocal critic of the U.S. dollar and has repeatedly warned about the impending collapse of the American economy.

In his recent post, Kiyosaki stated that he prefers Bitcoin over the dollar because it is a "hard asset" that cannot be easily printed or devalued by governments. He added that the dollar is a "fake asset" that is being rapidly devalued by inflation and government policies.

"I like Bitcoin because it’s a hard asset, like gold, they can’t make more of it. They can’t tax it. It’s an asset, not a liability. People who buy Bitcoin pay taxes. I hope they get sued. I’m not buying any more Bitcoin. I have enough. Don’t tax Bitcoin holders or they will move it," Kiyosaki wrote.

He further noted that the government was planning to tax cryptocurrency users, but advised them not to pay. Instead, he suggested that they use the taxed cryptocurrency to purchase real estate and report it as an investment property.

"Government is planning to tax bitcoin users. Don’t pay. If they tax your bitcoin use the taxed bitcoin to buy units in an investment property. Report the property as an investment property."

According to a recent report by AZ Central, Arizona House Bill 2438 would create the Digital Currency Innovation Center, an initiative designed to attract large-scale cryptocurrency mining operations to the state by offering significant tax benefits.

The bill, which is being championed by Republican State Representative Tim Anschutz, aims to allocate a portion of the state’s revenue to a special fund that would be used to provide tax credits to cryptocurrency miners.

The legislation also includes provisions for investing in state-funded programs in unbanked communities and expanding access to financial literacy education.

House Bill 2