Investing is not really a culture in Nigeria that we can say is not dominant in Nigeria. Formerly we fit dey blame say na the economy dey make many Nigerians nor fit dey consider investment as e require big money to take invest. As cryptocurrency dun show face, the opportunity to invest dey open for all, and e cun dey obvious say nor be just the economy dey worry us, but plenty other reasons.
One reason wey i dun notice say dey make many Nigerians nor dey want invest for crypto na say we dey fear to loose money more than we dey enjoy to get am, so because say we nor wan loose, we dey plan am safe. How you see am? and what other reasons can we point out?
The reason why most Nigerian don't want to invest in cryptocurrency is because most of them don't have knowledge of Bitcoin and other cryptocurrency investment, so they choose other investments like agricultural and real estate, which I believe is the proper decision for them because investing in Bitcoin or other cryptocurrencies without knowledge can result in huge losses. Most of them want investments that will yield quick profits, and Bitcoin investing doesn't guarantee instant profits. Instead, patience and a long-term approach often yield better results. The majority of them have fallen victim to cryptocurrency scams in the past, which is why they still believe Bitcoin is a scam as well. Most Nigerians began their cryptocurrency journey through Telegram T2E and were disappointed, so I'm not sure if they will trust any other cryptocurrency again.