Topic: Will Bitcoin have a chance in Nigeria if?.. - page 2. (Read 355 times)

Na good thing to tok about, last year someone told me day Dangote dey do bitcoin but na small small im dey do am. But I never verify dat information. After when CBN told the commercial banks to stop making cryptocurrency transactions for like three weeks, the then vice president of the country Professor Osinbajo came on air to say that bitcoin can be used p2p. I can still remember that he said something good about bitcoin but I have forgotten what he really said. And from the source of information I have gathered, the money Dangote is using, a % is own by Nigerian politicians, where they are hiding their wealths. And even those capitalist invest in bitcoin government can still illegal it and this what is displaying in UK and USA though they are using it but it I or yet legalized.  But if they invest in it, it will help in a long way.

Sincerely, I don't think government is really stopping Bitcoin in Nigeria, because I have seen business adverts on billboards and signposts, all pointing to a individual or group of individuals who are operating a Bitcoin or cryptocurrency business.
I also know there is a clear distinction between accepting BTC as legal tender and simply overlooking its practices by not banning Crypto exchanges and wallets from operations.
In countries where crypto is banned, exchanges or wallets barely work, and if they do, the authorities better not catch you with it on your device, else you be prosecuted.
 
Think about it. Bitcoin does have a chance in Nigeria, but only the right government with its knowledge can successfully implement it.

With time, bitcoin go be something way go dey everyone lips for Nigeria especially among the younger generation. Even with the restrictions way government put for cryptocurrency, boys still dey do there thing dey go small smal.

I believe say e get where e go reach, government will be forced to  renounce their stance. Because bitcoin is like the inevitable innovation in this current world mapping. Because people are always moved to adapt with new innovation that will ease there stress. Bitcoin is decentralised and it allows you to keep your financial activities very private, so gradually bitcoin will have a chance in Nigeria as it has already started.

The truth be say nobody know whether these people wey you mention get bitcoin or not, but me I believe say them get bitcoin investment because them be international businessmen and as a businessman with such firm, you go get experts wey dey advise them on how their funds fo fit increase and multiply and how he go take dey save from inflation. They already have bitcoin because they are also part of the world and they have seen how top world businesspeople have invested in bitcoin, don't you think that it will motivate them to also have bitcoin, especially when they know the potential of bitcoin. The reason why them no go fit come out lous say i invest this amount into bitcoin, just like the way Micheal Saylor and Elon dey come on air dey talk be say, they are making their money from politicians and some of them are even politicians in disguise as business people. This go come be like say them dey go against the government and he fit bring problem for their business for the country since most of them na from government na him them use explode.

If the government wey be di  public sector no encourage di adoption of bitcoin, normally na di top players for di private sector like Dangote, Elumelu, Adenuga, even top entertainers like Don Jazzy, Davido, just to mention a few suppose drive di adoption. But as i de see am, di fear of di government fit be di beginning of wisdom for dem because maybe dem no want di government to de see to dem matter if dem first di government to de use and accept bitcoin to run dem businesses. Aldo i no go de surprised if these billionaires de codedly run bitcoin things, because di decentralized digital currency guarantee privacy where dem fit keep dem money without any centralized authority go de monitor.

If dis top private sector players fit take di bull by di horn and de accept bitcoin for dem businesses, e go really go a long way to promote di usage and investment of bitcon for inside Nigeria. Di move go definitely challenge our government to fully adopt cryptocurrency, and remove di stigma of CBN ban, wey de  discourage most Nigerians about bitcoin. If dis one happen bitcoin go blow for naija.

We already know the people way dey in power for this we country, so if those people accept Bitcoin nai be say even the government and the CBN Governor no get any choice again to make because all the money way those people them get nah CBN dey hold am, even if say the CBN no go agree as long as say them dey see say this DANGOTE guy dey make watin them no expect, them fit just try am coded and I believe say even now some of this our top top politicians them self dey invest codedly for Bitcoin and if you imagine am one kin, nah them dey even take this investment serious but as them no dey like see Nigerians dey progress nai make them just give people way no no their way in not to invest for Bitcoin.

 I don dey reason dis mata of Bitcoin in Nigeria and the way Govt dey make usage and operation a bit difficult and I come dey wonder weda e fit get a bit of breathing space if some of the big players in the business world pick interest in investing in them.
  Una go agree with me say naija no dey completely against cryptocurrencies, Bitcoin especially but them no also dey friendly but just like the way El Salvador and Central African Republic take bold steps in making am dia legal tender, una feel say government fit relax some regulations on am if big cats for the business world like Aliku Dangote, Tony Elumelu and others decide to add Bitcoin investment to their portfolio?
Although this news nah old one oh but Nairametrics believe say Dangote for be the 6th richest man in the world if say him bin invest 5% of him moni for Bitcoin. And I know say e no too late.
 Another reason wey make me reason this mata say none of us be stranger to how fast the naira dey depreciate sharparly against the dollar and currently, 1dollar to naira for black market nah #1,009 as at time of writing and if we big ogas them fit do something, maybe e fit push the president to rethink him stance on Bitcoin because we need something wey go help our economic situation and so far, Govt seem to be running out of ideas.
 How una see this one? Make we yarn.