So the question is: isn’t the CBN, by its policies and inability to stabilize the naira, actually pushing more Nigerians toward Bitcoin and USDT? Many shop owners and students I know are now saving in crypto, not because they “believe in Bitcoin ideology,” but simply because naira is too weak.

The truth of the fact is that every single individual wants value for whatever money they have ever worked for in life,  and it's quite unfortunate that our Nigerian banking system can't offer us that, which is why many people today who has a huge sum of money and aren't in business who requires it's daily usage opt into investing in Bitcoin which happens to be the "Safe heaven" of digital asset in our recent era. And it's true that with CBN's failed policy about regulating our Nigerian Naira has actracted many into abandoning it for stable coins or Bitcoin. Because I just  checked the price of Dollar to Naira right now and actually surprised to see that it has actually fallen from 1,535NGN to now 1,515NGN as shown below. Which is actually not encouraging at all.




We don't even need them to regulate it, because we are very fine now without government involvement in p2p transaction. Because I trust those guys, dey no dey sabi do anything apart from tax tax and tax. That's all they sabi.