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I understand your points and you are right, we all knew how CBN ban Bitcoin and other cryptocurrencies after EndSARs protest, nobody is againsting this at all that the president may or may not have hand in it, but what we corrected is that it is not the president that ban cryptocurrencies in Nigeria, that it is officially banned by the CBN governor.
I know that with clearer understanding of this, our own naija youths will choose crypto over the traditional Fiat system.
Naira is our legal tender in Nigeria, we have no option that we will spend it and make use of it, but it is a depreciating asset. 1 dollar in 2015 equals to 168 naira, now 1 dollar equals 410 naira. When Nigeria become an independent nation in 1960, after the independent, Naira was equalled to British Pound and it's price was creater than US Dollar, but as been depreciating all the time. Even the US Dollar is still a depreciating asset but Naira is worse. I think this is obvious for us to know that if we want to save our money and make it not to devalue, Bitcoin is a very perfect option because it is an appreciative asset.
Naira for spendings
Bitcoin for savings
Another interesting fact about this is when you save your assets with banks, you get no or little return over it
Assuming I saved naira in bank in 2015 at $160, and I withdrew it in 2020 at $365. You see how that is a complete loss, most likely who saves naira on bank over long period of time will lose huge amount in value.