Na speculation weh deh ground be that and e fit be true. No bi any FUD or misconception.
This is the speculation on ground:
Biden to sign executive order on crypto, authorize all-government effort to consolidate regulationCrypto-related stocks jump in positive reaction to executive orderAbout EU, I have never read anything about banning cryptocurrencies as well. Read from the right source than many unrecommended sites.
Did we people noticed the 7.5% inflation in US, it was all over news some weeks ago, US dollar purchasing power was reduced, this will also result to US dollar to depreciate against other foreign currencies (like our local currency, naira). But what I have been noticing is that US dollar which was at around ₦565 in parallel market increased around the time to ₦575.
I still wonder how some people are seeing it convenient for them to store naira in bank for years on fixed deposit, and how some people will make use of the savings on banks like Kuda, naira is also depreciating in value. The reason we should hold using bitcoin or any other reputed cryptocurrencies.