Post
Topic
Board Nigeria (Naija)
Re: Bitcoin's Relevance In Nigeria Economy
by
Jaksonhard
on 29/07/2025, 07:05:58 UTC

The use of Bitcoin is increasing day by day. Bitcoin has been in the market since 2009. But it was not popular then because people did not know about Bitcoin. The ups and downs of the market are not a big deal based on the stock market in 2022.
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"I agree with you mate,

Yes, Bitcoin users have increased more than before. In 2009, not many people were familiar with Bitcoin, and people did not have much confidence in holding Bitcoin. However, since 2018, there has been an increase of three days in the number of Bitcoin users. Since it has been promoted on various social media, people are getting an idea about Bitcoin very easily. Currently, most countries have accepted Bitcoin as their popular future asset. So it has fallen a lot compared to before and I think it will spread more soon.

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In the beginning of Bitcoin, the common man did not have enough information to understand its technology. Some people invested knowingly or unknowingly and later sold it when the price fell. Since then, many people consider Bitcoin to be a scam. Since the touch of modernity, people have started to know about everything. People knew about Bitcoin for some time. But, they did not know what the nature of Bitcoin is?

If we do not know about something, then how can we say whether it is good or bad? The same thing happened in the case of Bitcoin. People knew about the stock market in advance. When that market crashed, many common people including investors also became aware of the matter. After that, people's misconceptions were broken. Now over time, Bitcoin will become more usable. Because now not only ordinary investors but also various companies and countries have started using Bitcoin as their next reserve.
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