Post
Topic
Board Nigeria (Naija)
Re: Bitcoin price speculation (BTC/NGN)
by
Charles-Tim
on 28/02/2024, 12:07:52 UTC
its 24hrs high is $59,508.89 which 94,053,800.155 NGN probably see the ₦100 million before the weekends
Naira price is gradually appreciating. I checked it just now and I saw  ₦1475 and Bitcoineprice is now around ₦87 million. Although, we like it or not, bitcoin will later surpass ₦100 million.

It's really funny how the price of BTC is skyrocketing and Naira is also appreciating but the appreciation of Naira is a welcome development as we hope to experience the price of Bitcoin soaring more higher while our currency gains more value, at least the price of goods and commodity would start reducing gradually in other to make life more affordable for people in the country. As at the time of writing this, the price of naira to dollars is around #1630 while the price of BTC is fluctuating around $58,986
I saw it at ₦1475 just now. Deflation can not easily be achieved, but the government have done it in a way that naira price is manipulated by them is what I think. They arrested BDC operators and also go for exchanges and not Binance is indirectly controlling P2P price. Do not be surprised if the price of goods and services do not come down.