Quote from: Doan9269 on June 19, 2023, 03:38:03 PM

Additional link could help more in this to serves as reference point, next time please take note.

Thanks for your observation but I deliberately did omit that as there is no need for such. If you read my post well, you would realise that I only expressed my thought, feelings and wish rather than sharing the news or quoting the news and its details.

Quote from: Mate2237 on June 19, 2023, 07:13:21 PM

But I will still not advise anyone to save in USD

I am surprised about this advice, so you are telling me that people should have 'all' their savings in cryptocurrency? I will rather buy physical assets than do that. No matter how I advocate for crypto investment, I still do not invest 'all' my money, I ensure that I distribute them accordingly. And instead of having about 25% which is my fiat savings in Naira, I will rather have almost all in USD.

I can't risk all my money in virtual assets, what if anything happens? I am too smart for that.

Quote

One of my brother told me last year that saving in USD is the best because it is stable in nature and bitcoin is not stable so I might loss my funds in bitcoin so he was advising me to save in dollar but I told that I like bitcoin more than dollar.
According to news this present president in Nigeria might devalue dollar in the country. So those who are saving in USD should be careful.

Let me commend your brother, he's smart and his view can never be wrong, only that you might just save a proportion for it. And it's true that the removal of the fuel subsidy would help to increase our foreign earnings, and by virtue of that reduce the pressure on NGN. But note that this is Nigeria, another problem will naturally present itself to make that effect not noticeable.

And quote me, if there would be any adjustment in the exchange rate in favour of the Naira, it would be very little.