India reacted with concern to the announcement of Pakistan’s Bitcoin reserve, as Indian analysts advised the Modi government to closely monitor the growing crypto collaboration between the U.S. and Pakistan.
According to a report citing sources, an Indian analyst stated that Pakistan is strengthening its ties with the U.S. through crypto. A memorandum of understanding was recently signed between Pakistan and the World Liberty Financial Corporation, associated with U.S. President Trump, which outlines plans to make Pakistan a crypto hub.
The analyst advised the Modi government not to dismiss this as insignificant. One Indian analyst said Pakistan is using crypto to strengthen itself for a long-term confrontation with India, while another wrote that Pakistan is placing a big bet on Bitcoin in collaboration with the U.S., and India must enter this field soon.
It is worth noting that yesterday, Pakistan announced its first government-backed Bitcoin reserve and called for investment in the crypto market.
Bilal Saqib, CEO of the Pakistan Crypto Council, made this announcement during Bitcoin Vegas 2025 and appealed for investment in Pakistan’s crypto market.
Bilal bin Saqib, CEO of the Pakistan Crypto Council, expressed special thanks to Donald Trump and praised the U.S. President’s role in promoting peace amid recent Pakistan-India tensions and his contributions to crypto. U.S. Vice President J.D. Vance, Eric Trump, and Donald Trump Jr. were also present at the event.
