Nigeria as government or Nigerian society.Nigerian government says bitcoin has rendered the national currency worthless.
The Central Bank imposed sanctions on individuals who trade and froze their accounts.
Countries that have high inflation rates will resort to protecting their assets, and before young people in those countries buy bitcoin.
What i will advise CBN to do is to invest their reserve (which is mainly from oil) in bitcoin just as Elon Musk did to Tesla. When you say, you don't want the value of your national currency and reserve to depreciate, you look for ways to preserve and grow the one you have.
what would happen if countries invest in btc like the way they are investing in gold?