1. Bitcoin helps Nigerians escape inflation and protect their wealth:
Bitcoin helps Nigerians escape inflation by allowing them to save money in Bitcoin which holds value better than the Naira, that loses value due to rising prices and devaluation.
For example:
If you were saving 500 thousand naira in a bank in Nigeria far back 2019 till now the money has lost value however saving that same amount in Bitcoin and holding it till date would have added more value to the money equaling it to millions of Naira today.
I don't completely agree with you on this dude because the percentage of people that invested there money in Bitcoin are very few because back then so many people don't believe Bitcoin will be this great, some even see it as a scam because the aware back then is not as it is now. Na now boys don open eye and then don see the potential of Bitcoin and how important and beneficial it will be if they invest in Bitcoin. Some Nigerians sold their Bitcoin and other crypto back then because of lack of knowledge and because of immediate needs and wants.
2. access global financial opportunities:
Bitcoin helps Nigerians to do online business, or freelance globally without needing foreign bank accounts or dollar approval.
A lot of people in Nigeria are now working online and in different countries while still based in Nigeria and payment of salary is then made easy, most of us here receive payment from our different campaign through Bitcoin.
The crypto space has really helped a lot of people not only Nigerians but the whole world and it has also render some people hopeless and kept some in depression because of the kind of activities that is going on this days, some people has lost their crypto because of fraudsters (scam ) and some because of mistake. Anything crypto one has to be very careful about it because there are some mistake in transaction that can not be reversed.