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Fact-check: #WaqarZakaWas(Not)Right

He can't clear Pakistan's debt through bitcoin profits as claimed

SAMAA | - Posted: Feb 20, 2021 | Last Updated: 4 months ago
SAMAA |
Posted: Feb 20, 2021 | Last Updated: 4 months ago

Pakistan’s biggest advocate of cryptocurrency, Waqar Zaka, claimed had the government listened to his idea in 2016, the country would have paid its debt by now. The TV show host-cum-social media star wanted the government to invest in bitcoin (when it was worth $268 a unit) and legalize the cryptocurrency in Pakistan. He pointed to the skyrocketing of bitcoin price ($26,390 a unit) in a December 2020 video, saying that he was right. A disappointed Zaka asked his followers to start the #WaqarZakaWasRight trend and tag politicians who didn’t listen to him. Within hours, it was among the top three trends on Twitter. In this video, SAMAA Money puts his theory to test to find out if it was a populist statement or one supported by maths.

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3 Comments

  1. Anonymous  February 20, 2021 10:47 pm/ Reply

    Still a good attempt and good intentions. Not worth criticizing
    or finding flaws. In video you did praise his idea a bit but you should have praised him in the arricle as well.

  2. Anonymous  March 20, 2021 6:55 pm/ Reply

    The host of this show is also not authentic all the times. That is my experience so far what I have seen his videos. I am not supporter of Wakar Zaka.

  3. Fork  May 21, 2021 3:24 am/ Reply

    Waqar Zaka blatantly lies a lot. He lied about buying bitcoin when it was $7 a coin.

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