The question is Nigeria government responsible for this increase?
Yes Nigeria is the real cause of the problem and because they plan the devaluation of our currency, when they did [urlhttps://www.facebook.com/reel/870258431429774?mibextid=rS40aB7S9Ucbxw6v]structural adjustment programs in 1986 [/url]where they devalue our currency every week for 32years. You can listen from X vise president prof yemi osibanjor on a speech he made. I saw this yesterday when I was going through my Facebook.and if they are how to we solve this problem and get things back to normal
They have the power to do it but refuse to do it. The only thing I will advice everyone is to invest in bitcoin because that is the only way they can revive the devaluation of the currency. At least personal devaluation not total devaluation.this is a statistics I have been able to make since December 26 to January 27 being today, on price price change in binance:
this image represent 26th of December price.
this represents 17th of January price.
this represents the price of 26 of January yesterday.
and today 27th of January.
so investing in bitcoin or usdt will make you recover some lost amount at do to inflation.
But the question I could love to ask is bitcoin and dollar related or does increase in dollar affects bitcoin rates
Bitcoin and dollar is not related. Bitcoin is a digital currency used world wild, while dollar is the currency for the USA. But used as standard curency with pounds and Euro.Dollar does not affect Bitcoin. Dollar is just like a stable coin while Bitcoin is a volatile currency which change in due time with many factors like demand and supply, Market capitalisation, bull and bear season and market dominance.