For Africa, Bitcoin is not just a speculative asset. Africans choose Bitcoin because they want to bypass traditional systems that are only open to a few people. For example, remittance is one of the areas where Bitcoin is most commonly used in Africa, because remittance fees in this region are the highest in the world. Africans who send money back home from abroad are charged an average of 10% of the total remittance as a handling fee, which is twice the charge in South Asia.
Mate I'm from Africa and people around me that are into crypto choose crypto to make money, they have no problem with traditional system at all, infact when they get some good ROI they have to convert to fiat, straight to the bank, Africans are into crypto to escape poverty for real
Same here in the Phillipines, however, not all poor people have access to cryptocurrency and not everyone is tech-savvy. Bitcoin allowed people to get involved in trading and be a retail investor, but the risk is high and it is not guaranteed money. The opportunity to earn could be enticing but the risk can also be futile. As time passes people who are getting involved in crypto is growing, the numbers of people adapting increases. Cryptocurrency provided additional opportunities to people to earn and be involved in other projects.