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Twitter is wondering how Waqar Zaka is doing now that Bitcoin has crashed

Twitter is wondering how Waqar Zaka is doing now that Bitcoin has crashed

The TV host's eventful life just got a little more eventful.
20 May, 2021

Waqar Zaka has emerged as the face of the crypto trading and investing community in Pakistan, something it seems he was quite pleased with. Among the early adopters in the country, the man leads an entire army of crypto-enthusiasts. But as cryptocurrency faced a stunning crash, is any one checking up on Zaka?

Bitcoin, the world's most well known cryptocurrency, has seen its value plunge by 30% in the last 24 hours. This weeks-long downward trend has accelerated over the last few days. From being traded at $49,498 on May 12, it fell to $30,201 on May 19.

The crash — that has affected several cryptocurrencies — followed an announcement by Chinese regulators that they would be cracking down on cryptocurrencies on Tuesday. China has since barred financial institutions and payment companies within its borders from providing customers any services related to cryptocurrency transactions.

China is influential in the Bitcoin game. Research found that the country controls around 75 per cent of the world's Bitcoin mining, with its mining infrastructure set to consume as much energy as Italy by 2024.

Now, back to Zaka and Pakistanis on Twitter jumping out of their seats for their punchlines.

Concerned users were quick to address the real concern when it came to Bitcoin's crash.

This user got his flame thrower out.

Some users seemed to know a bit too well how Zaka must be feeling right now.

Some people were more concerned about the people that listened to him.

Others, his haters.

While some just offered brotherly advice.

How do you think he's doing today?

Well maybe not so good.

He had another interesting question for his fans, asking which Pakistani politician do they think holds the most Bitcoins?

Not him, he clarified.

Who do you think it is?

Comments

David M May 20, 2021 06:08pm
Crypto Currency has merit but Bitcoin is a hoax.
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Shakeel Amin May 20, 2021 06:31pm
It couldn't happened to a better guy.
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Ifti Malik May 20, 2021 06:32pm
This crook should be arrested by FIA for cyber crimes.
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ENGR Hamid Shafiq May 20, 2021 07:32pm
Sad Pakistanis luck is not working
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Anon May 20, 2021 08:53pm
while I’m no fan of zaka. I think he’s doing more than fine consider his crypto Facebook group has 50k members and each one has to pay 1250 rupees per months for it. That equates to 7.5 crore per month from just one source. There must be others that benefit from the group but he’s probably getting the lions share.
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M. Saeed May 20, 2021 09:05pm
Easy come, easy go!
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Tea Day May 20, 2021 10:00pm
Bitcoin is going to climb back again, crypto market, that's not a big deal.
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zark May 20, 2021 10:54pm
I am in crypto since 2006, mined it, use and sold it, bitcoin value use to be same as value of energy used to mine them, it should never got beyond that value, it should never go below it, although its limited due to max possible blocks due to algorithms and now takes longer to find due to almost all blocks are found, however it should never be above us$1000, if its then its stock speculative trading.
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Talha Mehmood May 21, 2021 12:55am
@Ifti Malik why as he is well awared with technology and latest means of earning
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Zulfiqar May 22, 2021 01:28am
Big mouthed people face such situation quite often. No surprise here
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Mehran May 22, 2021 07:25pm
There is no back behind Cryptocurrencies,it's illusion think for a moment you wake up a morning and all Cryptocurrencies websites and mining blockchains shutdown a day where will people stand and to whom they will ask for their claim.just a thought
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Amir Khan May 24, 2021 12:37pm
@Mehran What do you think about currency what backs them , paper seriously you dont understand crypto market. If crypto is so bad why every country including china and russia planning to have there own crypto currency. Bitcoin is here to stay value may go up and down.
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