As it is now we have really emerged as a powerhouse in Bitcoin and crypto adoption. As we all know the Nigerian currency has undergone severe devaluation prompting us to seek refuge in assets that preserve value like Bitcoin. Now people don dey get trust issues with our traditional banking, we dey get bank restrictions wahala, like account freezing during political protest and foreign exchange limit wahala, all this things done push plenty users go Bitcoin so we go get better control over our funds.
Normally, people dey embrace bitcoin because e dey decentralized and government no fit dey control am as against fiat, fit dey depreciate for every country including US wey be world power. Inflation dey almost everywhere currently and the buying power of fiat dey reduce everyday wey make people dey turn to bitcoin to hedge their money against inflation come dey expect better profit as bitcoin price dey rise. E literally dey easier to send person wey dey anywhere money with crypto in few minutes as against banks wey go use processes wound you. Bitcoin na symbol of freedom and na this freedom people see wey make them dey run to am, anything wey go make people dey free from government control, people dey like am well well.
Another better thing wey dey give me steady joy na say Nigerians na we dey rank top Consistently in P2P crypto platforms in Africa and globally. Because of the fast transfers compared to our traditional service, our entrepreneurs dey use Bitcoin to pay for imports from palace like China, bypassing FX restrictions. This cryptocurrency give us exposure to some things way for dey very difficult for us Nigerians but things have been smooth thanks to crypto. Were traditional systems fails, Bitcoin thrives. We can now see Nigeria as a global leader in crypto adoption due to it's economic volatility and real world utility coverage. As I love to say Nigerians no dey carry last.
I no gree for this one, person still use dollar buy something for my front last week and meanwhile you no fit use bitcoin buy anything for China since the country don ban bitcoin. I agree say bitcoin come make em address the weakness wey dey traditional systems, come give every investor a sense of belonging and total ownership for em money.