Post
Topic
Board Nigeria (Naija)
Re: Now is the best time for Nigeria to own a Bitcoin reserve.
by
Yucky
on 01/05/2025, 08:51:08 UTC
In a country where snakes swallow money, monkeys take money, and rats eat money, I don't think it's we have grown to have a Bitcoin reserve yet. Tomorrow, we might wake up to news that a cockroach ate the phone and the password is missing and such silly excuses.

I know it's okay for a country to have a Bitcoin reserve, but considering the state of our country, I'm not sure. We don't want a situation where people think we have a plan B for the economy, only to wake up to news that someone took the account, it froze, or the Bitcoin disappeared.

I think it's best for individuals to manage their own Bitcoin investments. I doubt the government will even want to do it, given their inconsistent stance on Bitcoin, approving and disapproving it repeatedly. We're still a bit far from having a Bitcoin reserve as a country, and I don't think Nigeria is ready for that. Just looking at the facts