Post
Topic
Board Nigeria (Naija)
Re: Bitcoin Na Still the Chairman for the Crypto Street
by
ahmedabubakarabbo
on 25/07/2025, 15:59:58 UTC

3) For Naija People, Bitcoin Fit Be Better Escape Plan
Not  only Nigeria though, fiat system in general is collapsing slowly even the mighty dollar  but in the scope "Naira" anyways yes!, Bitcoin could be beneficial for people to preserve their wealth along run but the problem  is most Nigerians still believe the space is scam  due to past experience and exposure ( for some people) this could be a setback for Bitcoin  in Nigeria though.


You made a very valid point and I agree with you. The issue is not limited to Nigeria alone the fiat system globally is facing serious challenges including the dollar. When we look at the Naira specifically it has lost so much value over time and it is understandable why people are now looking for alternatives to preserve their wealth.
Bitcoin could indeed serve as a useful store of value in the long run especially in countries with high inflation. However like you rightly said many Nigerians still see the crypto space as a scam. This fear mostly comes from bad experiences, misinformation and being exposed to fake platforms or greedy individuals.