My question to the house is this:Do you believe that it is possible that Bitcoin could actually supplant land and gold as the chief store of wealth in Nigeria, or will it remain a modern adjunct to the old ways?
Would you personally prefer to hold most of your savings in BTC, rather than buy land?
In terms of saving and investment, I say yes Bitcoin have taken over as the most preferred form of investment by Many people in this contemporary time, this is the reason you see some investors having to sell off lands and keep the money in Bitcoin, alot of things made Bitcoin to be most preferred than land and gold at this point and that is also the cross boarder usability and also free from all taxes.
Right now the world is changing, and since Bitcoin came into existence people have seen that it’s been going towards the direction of people trying to adopt bitcoin as there means of saving money, and we see Bitcoin as something that is more secured and you can control your money you don’t have to go to any bank, and if you start buying bitcoin to save them it’s seen as a means of investment and keeping more money. And right now I prefer bitcoin more than anything, I could decide to sell my lands and gold to hodl bitcoin because bitcoin is well regulated and can give me more profit and sometimes land and gold could depreciate with Inflation. Bitcoin is the most preferred assets right now compared to land and gold.
