Post
Topic
Board Bitcoin Discussion
Re: Another Risk In Bitcoin Investment.
by
Wake Up
on 13/07/2025, 11:51:54 UTC
This applies not only to Nigeria, but to all countries in the system facing financial difficulties, where inflation is eroding workers' wages. The Turkish lira has depreciated significantly in recent years, but those who hold their money in Bitcoin instead of Turkish lira have profited.

For example, 5 years ago today, the dollar was 6.87 TL, and Bitcoin was 9300. If I had decided to keep my money at $9300 at that time, I would have needed ~64,000 TL.

Today, $9,300 is worth 372,000 TL. However, if I had bought 1 Bitcoin with 64,000 TL five years ago, I would have 4.74 million TL today.

It will always be wiser to keep your money in Bitcoin rather than any other currency that is subject to inflation.