RE: RE: Bitcoin sales soar in Nigeria, despite government crackdown
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RE: Bitcoin sales soar in Nigeria, despite government crackdown

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I am surprised that the demand for BTC/Crypto is so high in Nigeria, given it's recent volatility where values have plummeted and people will be left with a reduction in coin value. It would also be interesting to know whether people can "spend" it on everyday items or whether it is just BTC being used for savings.

Then again, I don't know how volatile the fiat currency is in Nigeria so it's hard to do a direct comparisson. It might be that BTC is less volatile than the local fiat inflation thereby making it a better longer term investment.