Post
Topic
Board Nigeria (Naija)
Re: Tell us the biggest thing way bitcoin don do to u dis year
by
CryptoHeadlineNews
on 02/11/2024, 11:38:15 UTC
Share your experiences so that others can learn
Thanks for your helpful contribution.

Bitcoin been a decentralized digital currency, which happens to give us the ability to have full control over our funds, one thing I can say I have actually learnt from it or it whether eh don do for me, is the fact that it prevent my funds to be affected due to our country's economic challenges which has literally crippled our Nigerian Naira and Fuel price ever since our new president Bola Admed Tinubu came into power. Because we all know that the price of Dollar to Naira last year in May 2023 before the new administration came into power was 460 naira per each $1, unlike today that the value of naira has fallen drastically that's now 1647 naira for that same $1 (i.e a fall in value of over 400%). Which means if I had money in my fiat bank account, by now that money would have lost it's value in over 400%. Unlike Bitcoin which gave us the opportunity to maintain the value of our investment asset over a long period of time.