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.
Bitcoin has helped a lot of people in Nigeria, and not only Nigeria; I can say almost all the countries. Because people have much gain from Bitcoin, those that have been holding it for a long period of time have gotten much profit from Bitcoin. That’s where holding a Bitcoin is far better than saving money in the bank, since in the bank there will be no addition rather than deduction, which is a bank maintenance fee.
But saving any amounts in Bitcoin can bring a lot of profits that even you cannot expect, and with the way the marketing of Bitcoin is going on currently, now is the right time to buy more Bitcoins to hold them for long periods of time.
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.
That’s the fact: the lack of jobs in the country has led a lot of youths to work online and get paid on different platforms. We can see all this kind of online stuff is making the country more competitive and developed. Because not all youths can depend on someone or any other person to pay them a monthly salary, since what they earn online is greater than the average salary.