
"One of Bin Saqib's most striking takeaways was how grounded his argument in lived reality. In Pakistan, bitcoin is less about ideology and more about necessity. Bitcoin as a financial relief As Bin Saqib put it, for many Pakistanis "bitcoin is not theory, it's a relief," a response to problems traditional financial systems have failed to solve for decades. He pointed first to savings."
"Pakistan's currency has lost more than half its value over the past five years, eroding purchasing power for ordinary citizens. In that environment, Bin Saqib argued, people are not looking for explanations of monetary theory. They are looking for protection. Bitcoin, he said, provides a way to store value outside inflation driven by political decisions, money printing and currency mismanagement. "You don't need a lecture," he noted. "You need a hedge.""
"Access was the second pillar of his case. Despite Pakistan being home to roughly 240 million people, more than 100 million remain unbanked. For this population, traditional finance has simply never arrived. Bitcoin, according to Bin Saqib, offers a financial identity without the need for permission, paperwork or intermediaries that may never open the door. That permissionless access, he argued, is especially powerful for young people encountering true financial ownership for the first time."
Bitcoin functions as practical financial relief for many Pakistanis by providing a hedge against severe currency devaluation and inflation caused by political decisions and money printing. Rapid loss of domestic currency value has eroded purchasing power, prompting demand for store-of-value alternatives. Permissionless bitcoin access creates financial identity for more than 100 million unbanked people without paperwork or intermediaries, enabling true financial ownership among young users. Blockchain payment rails facilitate faster, cheaper, and more transparent cross-border earnings, improving global payment access for Pakistan's large freelance workforce.
Read at Bitcoin Magazine
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