Original archived Re: "How Can Nigeria Leverage Bitcoin for Financial Freedom Amidst Naira Devaluation
Scraped on 22/08/2025, 08:47:20 UTC
Your use of the phrase "financial freedom" in the title got me wondering, with many ideas running into my head. The last tome I heard such statement was when MLM was trending in Nigeria and they used such statements to lure a lot of people into different ponzi schemes and scammed them wetin no nice. I'm not saying that Bitcoin is ponzi scheme sha but we have to be mindful of how we present Bitcoin to people so they don't come into Bitcoin with the mindset that they are going to be financially free within a short time.
Bitcoin is surely a wonderful option for Nigerians to invest on. It has a lot of advantages over any other investment portfolio anyone can imagine which makes it a right one for anyone who wants to save for the future to consider.
You are right actually because when you tell someone that bitcoin will give them financial freedom, its interpretation means to make them become rich which will be a wrong narrative because financial freedom can only come when you have hodl a lot of bitcoins and hodl for long term values but if people are told that bitcoin will give them financial freedom they will interpret it the wrong way because someone can invest a small amount and be hoping that their investment can turn to x1000 in the future so someone with that kind of mindset might feel that he was being misled and can even say that bitcoin is a scam when it's not. The most important reason why anyone should invest in bitcoin is to preserve it from inflation because no matter how long it takes, your bitcoin will still have value unlike keeping it in Fiats where it suffers inflation.