Bitcoin

Pakistan is a critical node in South Asian geopolitics, with nuclear weapons, a struggling $350B economy, and a history of IMF bailouts. Political turmoil there can ripple through emerging market (EM) risk sentiment, especially if it escalates into prolonged civil unrest or military intervention. Crypto adoption in Pakistan is among the highest globally (estimated 20M+ users), so a crisis could drive both grassroots crypto usage and capital outflows into stablecoins and BTC.

Imran Khan's party began a march toward Islamabad after talks with the government collapsed over demands including access to the jailed leader.