Why Is Bitcoin Going Up; Pakistan Proposes Crypto Mining Using Surplus Energy ⋅ Crypto World Echo
Pakistan has proposed using excess energy for Bitcoinmining, marking a departure from its previous stance on cryptocurrencies. Theplan was introduced by the newly-formed Crypto Council, led by CEO Bilal BinSaqib, during its first meeting. Senior government officials support theinitiative, which aims to establish Pakistan as a crypto hub by utilizingsurplus energy, Coinfomania reported.
Meanwhile, Bitcoin’s price has shown bullish momentum. TheBTCUSD H1 chart indicates a move towards a significant resistance level. Abreakout may strengthen the upward trend and attract more intraday buyers.
Pakistan Legalizes Crypto, Aligns with Trends
This move represents a shift in policy. Previously, authoritiesmaintained that cryptocurrency would not be legalized due to concerns aboutcompliance with the Financial Action Task Force. However, on November 4, 2024,Pakistan changed its approach and began regulating digital assets as legaltender, aligning with global trends.
NEW: PAKISTAN CENTRAL BANK IS EXPLORING MINING #BITCOIN WITH EXCESS ELECTRICITY NATION STATE ADOPTION ACCELERATING🔥 pic.twitter.com/JiCBG6Yh7v
— The Bitcoin Historian (@pete_rizzo_) March 23, 2025
Trump’s Bitcoin Policies Influence Pakistan’s Shift
Some analysts believe this shift may have been influenced byrecent policy changes in the United States. After his re-election, Donald Trumpintroduced measures supporting Bitcoin, including restrictions on a US CentralBank Digital Currency and the creation of a Bitcoin strategic reserve.
Theseactions have drawn international attention, with Pakistan’s new stancepotentially reflecting broader global momentum in the cryptocurrency sector.
BTCUSD May Surge After Key Breakout
The BTCUSD H1 chart indicates that the price has beentrending upward for some time. The 87470 level has proven significant, as theprice previously faced rejection at this point. Currently, the cryptocurrencyis trading around this level. Unless a bullish breakout occurs, it may preventbuyers from pushing further. A breakout at this level could fuel additionalmomentum, driving the price higher.
Meanwhile, DeepSeekAI has presented three possible scenarios for Bitcoin in 2025, as reportedby Finance Magnates.
In the base case, Bitcoin is expected to range between$100,000 and $150,000. A more optimistic scenario sees it reaching $350,000,while a less likely black swan event could push it to $500,000. Theseprojections are based on anticipated growth in institutional adoption andbroader blockchain integration, though they involve significant uncertainty andvolatility.
This article was written by Tareq Sikder at www.financemagnates.com.
