Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: Bitcoin price speculation (BTC/NGN)
by
Zaguru12
on 14/07/2023, 14:13:01 UTC
⭐ Merited by Igebotz (1)
Bitcoin price increased from ₦24,275,000 to ₦25,751,000 yesterday and reached above the year-to-date high.

Yeah bitcoin at 25 million plus after having more than 2% increase in the last 24 hours but aside the XRP FOMO and the current reports of big financial institutions moving towards bitcoin ETF, I think the bitcoin to Naira is also greatly affected by the fact that the Naira is down against the dollar. The Naira is trading above 815 against the dollar which also increases the price of bitcoin. So far so good the I and E setting the market hasn’t helped the Naira against the other currencies but with time we shall see

This is a great initiative to have our own local speculation board (+1).