Don’t Ignore the Surge of Bitcoin for SEO

in its reserve currency. Lobbying to that effect has already started in the US. If that happens, experts believe the US may end up buying about a million Bitcoins and holding them for a couple of decades. This will definitely have an impact on the global economy.

Some countries have already adopted Bitcoin as a legal tender and big investment firms have invested heavily in Bitcoin after approval by the Exchange-Traded Fund (ETF), which is a component of the US Securities and Exchange Commission (SEC). According to analysts, the value of a single Bitcoin may hit the million-dollar mark within six years.

In this backdrop, it is quite apparent that the actual power players in the future will be the countries and institutions that hold a greater share of the 21 million Bitcoins in circulation.

These developments should be observed closely by stakeholders in Pakistan so that a future government strategy may be devised that could resonate with the realities of the decentralized digital future to avoid potential stagnation.