Greetings to all my fellow Nigerians I brought this topic for all of us to add our perspective on why you think Nigeria is leading the adoption of bitcoin in Africa .

Recently  in the year 2020, the term( Bitcoin) became more  popular in Nigeria after our Naira currency devalued, which made  many Nigerians to explore Bitcoin as a potentially  store of value and it iscertain that every since many Nigeria Bitcoiner has evolved over time in suggesting a cautious embrace of the technology.

With the Central Bank of Nigeria (CBN) stop financial institutions from dealing in crypto then not too soon a shift occurred in May 2023 when a 10% tax on cryptocurrency sales signalled recognition of the sector. That same month, a national blockchain policy was introduced and was aiming to foster a blockchain-powered economy.but it didn't end there, more progress came in January 2024 when the CBN released guidelines that allowed  banks to service crypto firms (though not directly hold or trade crypto themselves) even in the  earlier restrictions crypto transactions in Nigeria still  demonstrated a thriving peer-to-peer market.

 As years past there is no doubt that Nigeria will definitely continue to adopt bitcoin , (cryptocurrency) due to our economy, youths are all looking for was to be self employed because it is certain that to find a good job in our country is very hard .

The number one factor that is bringing adoption in Niger Nigeria is.
 High Inflation and Currency Devaluation:
Our country currency for years now has experienced significant devaluation  that is making it less reliable for storing and transferring value,  This have made many of our Nigerian people to explore ,bitcoin  as a store of value and a means of preserving their wealth.

Youth Population and Tech Savvy:
It is certain that we  Nigerias has a large youth population with a high rate and asses to mobile phone and we also have an incredible  interest in technology, Which makes it easier for more adopt in new technologies, including cryptocurrencies (bitcoin).


Peer-to-Peer (P2P) Trading:
P2P have become popular in Nigeria over the years  for cryptocurrency trading, and also for smaller transactions

Lastly  it is certain that the economic climate in our country  Nigeria and also with all the challenges we are going through has definitely  encouraged many nigerians to seek financial alternatives, boosting the appeal of bitcoin and other cryptocurrency .

There is no doubt that with time many more  Nigerians will start having interest in investing in bitcoin and other cryptocurrency leading to more adoption of bitcoin .  because right now many of our nigeria bitcoin investor are definitely viewing bitcoin as the future of money in our country  .
so I will like to hear your comment on this topicon why you think Nigeria is leading Africa in the adoption of bitcoin ?.