On May 8, 2025, Bitcoin’s price surged to PKR 27,969,316.02 in Pakistan, fueled by a crypto boom following the Trump election, while Coinbase reported strong profits for Q4. Despite the SBP’s warning in 2018, Bitcoin’s global surge emphasises its decentralised appeal amidst volatile markets.
On May 8, 2025, Bitcoin (BTC) reached PKR 27,969,316.02 (approximately Rs 27.9 million) in Pakistan, up from PKR 26,442,940.33 the previous day, per Coinbase data cited by Bloomberg. The surge follows a global crypto rally after Donald Trump’s November 2024 US election win, pushing Bitcoin past $100,000 in Q4, fueled by expectations of favourable regulations, per Reuters.
According to The Wall Street Journal, Coinbase reported higher-than-expected Q4 profits, driven by increased Bitcoin trading.
In Pakistan, the State Bank of Pakistan (SBP) warned banks against handling cryptocurrencies like Bitcoin in 2018, citing risks, per Dawn. The volatile asset, not backed by any government, remains unregulated locally, with investors urged to consult professionals.
Bitcoin, launched in 2009 by the pseudonymous Satoshi Nakamoto, is a decentralised digital currency managed by its user community, free from central bank control. Unlike traditional currencies, it uses encrypted code for transactions, validated across a network to prevent double-spending. Users mine Bitcoins through complex computations, which are capped at a total supply of 21 million, according to Coinbase. Its efficiency and independence from government policies attract supporters, but its volatility has drawn scrutiny.
