I don’t know how many times I’ve said this to people around me, but I’ll say it again here: Nigeria needs to use Bitcoin and crypto more seriously
Not just for investment or quick profit, but as an actual tool to survive financially.
If you look at how the naira keeps dropping like it has no brake, then you’ll understand why this crypto talk is not just hype. In just the past few years, the naira has gone from bad to worse. You save 100k today and by next month, it’s not worth the same value again. The way inflation is doing us dirty ehn, if you’re not protecting your money, you’re just losing quietly.
Now I’m not saying crypto is perfect, we all know how volatile it is. One minute Bitcoin is flying, next minute it’s dropping. But when you zoom out and look at Bitcoin from a long term view, it’s still one of the best ways to hold value over time, especially in countries like ours.
A Lifeline, Not Just an Investment
To many Nigerians, Bitcoin still feels like this foreign thing rich people play with. But truth is, people in other African countries are already using it in real life, for remittances, for savings, for avoiding currency limits. Why can't we?
Imagine you're earning in naira and you find a way to convert part of your money into BTC or USDT every month. At least that way, when naira misbehaves (which it always does), you don’t lose everything.
Even businesses can start accepting crypto. Some already do, lowkey. I know a tech guy who collects payments in USDT from his foreign clients, fast, borderless, and no long bank delays.
Government Wahala and the Fear Factor
The big problem is always the government. One minute they’re banning crypto, next minute they want to tax it. All this back and forth makes people scared. But what they don’t realize is: crypto doesn’t wait for permission.
It’s already being used underground. Young people especially are not waiting for policy. They’re trading, investing, and surviving with crypto while the CBN is still trying to catch up.
The fear of scam is also real, no lie. Ponzi schemes have destroyed many people’s trust in crypto. But Bitcoin is not MMM. If you actually take time to learn the basics, you’ll understand that crypto is not the enemy, ignorance is.
Education Is the Key
Before we can adopt crypto more in Nigeria, we need to educate people properly. Not just online hype or YouTube pumpers. Real, down-to-earth education in schools, communities, even in churches if that’s what it takes.
Teach people how to store their coins. How to avoid scams. How to dollar cost average. How to use platforms like Binance or even simple wallets like Trust Wallet safely. If we don’t teach these things, we’ll just keep repeating the same mistakes.
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My Own Journey
For me, I started taking crypto seriously in 2023,
and since then, I’ve never looked at money the same way. though I have not really made any big money commitments to crypto but I have made losses, yes. But I’ve also learned so much. And the biggest lesson is this, we need options. And right now, crypto, especially Bitcoin, is one of the few options we have that’s not fully controlled by the same system that keeps failing us.
Nigeria is a strong country. We have talent, energy, and hustle spirit. But we’re financially stuck in a system that doesn't protect us, but Bitcoin gives us a way out, we just need to stop waiting and start using it more wisely.
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