Howfar my people, so for years ehn anytime Nigerians want to know the real exchange rate  of naira to dollar the first place to check na Aboki Fx or parallel market. The official CBN rate has never reflected on street reality so the black market rate became our true guide. But in recent times I’ve been thinking if bitcoin is slowly taking over that role cuz anytime naira drops more people rush into bitcoin as a way to protect value. Just like dollar, people now use bitcoin as a benchmark for savings. P2P trader in 9ja practically set their own own naira to btc rate which often acts like a mini black market of its own. Freelancers sef and people receiving money from abroad also now use bitcoin as the easiest means to get paid.
I understand that there’s still key differences such as the dollar seeing relatively stable while btc is highly volatile, businesses and govt still recognize dollar officially but btc is not yet a legal tender here. But the question na say; is bitcoin gradually replacing the dollar as the alternative currency Nigerians turn to when the naira fails or will it just remain an investment/speculative asset for a minority?
I go like hear una thoughts especially from traders, freelancers and every lady hustlers that feel the effect of naira depreciation directly.