Not withstanding that the Central Bank of Nigerian (CBN) announced directives to banks to bring down accounts connected to cryptocurrency transaction and banning the operation , cryptocurrency is still a huge discuss. I said it that such decision was in relation to attacking those that financed the #Endsars protest because monies from cryptocurrency were used as source that helped the protest succeed to the level that it did.
But ever since the pronouncement, bitcoin has gained more awareness and before then , the wave of news about bitcoin was minimal even in Televisions
I felt really surprised and good to hear an extensive analysis of bitcoin in a high profile Nigerian television (Channels Television). The station is known to be detailed in analysis. And on there business news, they are known to be thorough in all business ramifications including stocks, bond, derivatives and commodities , forex etc.
And lately I heard them analysing bitcoin, altcoins
and in fact discussing ripple law suit with SEC; which was the highest point for me as I stood up gravitating towards the television, to be sure I was hearing ripple law suit by a Nigerian and Nigerian station.. There experts really broke down almost every coin in discuss with a lot of depth. I was really wowed and felt we don't really see what these guys have seen in cryptocurrency. With that analysis, it made me see the need for huge investment as I concluded we are still in early stages of cryptocurrency.
If such analysis can go on in Nigeria, I concluded Nigerians are really investing more than those of us on the forum.
Now, to discuss bitcoin on Nigerian television should be an abomination if the government is serious about it. This is to tell you that announcement is just political. No body talk about it as a banned project but an investment opportunity
I think the ban on bitcoin and crypto was just political. I know the next regime would unban it, even one of the opposition party member Atiku denounced the ban. So either way, crypto would have its way soon
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