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.
The value of the Naira is decreasing as inflation increases, which in turn reduces the value of the assets you have. Buying land will increase your another assets but in reality it will lose value as inflation becomes more obvious high. Check the price history of Bitcoin and you will see that its value has skyrocketed in just a few years and its value can increase much more in the future. Bitcoin has become a valuable asset through its decentralized networking method. The value of Bitcoin will increase a lot in the future compared to centralized assets. One of the logical reasons for the increase in the value of Bitcoin is its limited supply of only 21 million, most of which have been mined. So I think it will be more profitable for you to buy Bitcoin than to buy land.