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 .
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.
It wasn’t really the devaluation of Naira that saw many Nigerians looking out for alternatives. If that was the case, dollar would have served just fine since inflation on it is only slightly and it’s always a stronger when valued against Naira.
2020 was the year when the pandemic rocked every part of our world where people had assets and couldn’t access them, there were limits to what you can buy and even going to cash in your money was impossible let alone, having to work and earn for daily survival.
This saw people searching for alternatives for investment and finance and that’s how Bitcoin became really popular. It also happened to have been a year for the halving and so, there were a lot of credible activities in just that one year.
true!, Bitcoin had been popular long before 2020, I think Bitcoin became popular after it's first upsurge that shook the world.
So it's definitely wrong for the op to say Bitcoin became popular in Nigeria in 2020.