A lot of people has always been asking this question so we are going to run a scenario so we can quickly know if land investment in Nigeria is more profitable than Bitcoin or not, so we are going to be using from 2018 to 2025 which 7 years to do this analysis.
First Scenario: ₦10 million in Bitcoin in 2018 to 2025.
In 2018, 1 BTC = $6,500.
Which was ₦2.34 million as at then, judging from the dollar value then.
So with ₦10 million, you could buy about:₦10,000,000 ÷ ₦2,340,000 = 4.27 BTC
Now in Sept 2025, 1BTC = ₦172 million.
So 4.27 BTC × ₦172m = ₦734 million today.
So investing ₦10m in Bitcoin 7 yeears ago will give you ₦734m as of today.
Second Scenario: ₦10 million in Land Lagos.
In 2018, ₦10m could buy a plot in Lekki Phase 2 or half a plot in Ajah, Banana Island was already ₦300m–₦500m then, so ₦10m wouldn’t qualify.
By 2025, those same plots are worth:
Lekki Phase 2 plot: ₦50m–₦70m.
Ajah half-plot: ₦30m–₦40m.
So investing ₦10m in Lagos land 7 yeears ago will give you maximum of ₦70m.
hope you are seeing the gap, so it's very clear that Bitcoin is more profitable so invest wisely.
Bitcoin is very profitable, but it’s also extremely volatile. From 2018 till now it didn’t just rise smoothly and there were big crashes along the way, and not everyone had the patience to hold through them.
Land is slower but more sstable. You can’t flip it overnight like Bitcoin, but it has real value. You can build, rent, or use it as collateral. Of course, it also comes with risks like omo-onile and government issues.
So yes, in terms of returns Bitcoin wins. But for safety and predictability, land still has its place. The best strategy would be to diversify between both of them. Own some bitcoin and also own some land in strategic areas.