Bitcoin has the advantage of long-term growth, but it is very volatile. The price can rise in a week but also drop badly. USDT on the other hand is stable since it is tied to the dollar, but it doesn’t increase in value, it only protects against naira depreciation.
So the question is, for someone in Nigeria who just wants to save money safely, which is the better option: Bitcoin or USDT? Or should people combine both?
Both of them are very good, but Bitcoin is more better because you will earn after a while if the price goes up. Saving in Bitcoin is an investment, while saving in USDT can be an investment, and can also be just saving because USDT value to Naira is not stable; just as we have seen how Naira is gaining some value recently that resolves to dollar losing some value to Naira even though it’s little amount.
To avoid all these; you have choice to invest in both; if you have the plan to keep your money for a very long time, buy Bitcoin since you are holding for long, but if you are not holding for long, you can buy USDT due to Bitcoin price volatility.
Nevertheless, these two are far better than leaving your money with commercial banks because inflation will keep affecting your money.