A lot of Nigerians are now looking for ways to protect their money from the falling naira. Two of the most common options are Bitcoin and USDT.
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?
Would like to hear from others who are already using these methods to save.
Since Bitcoin and usdt are the only options available I would go for Bitcoin currency because it may be volatile in nature but its worth is worth taking the risk for in the long run, just imagine sometime around last year Bitcoin's price was actually below $70k and now this year it has really added in price and that speaks volume I tell you. Usdt doesn't add anything to your fund and that's bad business for a business oriented person like me so I would always take the risk for Bitcoin because I know that no matter how it drops in price it would always pull back up in price and give you the reward for being patient with it. And it you gave the option of investing in Bitcoin and investing in buying lands to resell later then I will take both options because investing in lands now is the next Gold in Nigeria.