Bitcoin and Cryptocurrency still being discussed in Nigerian Television

[dothebeats]

This will persist for some more time considering that two sides of the coin have already appeared in the Nigerian government, one being in favor of bitcoin while the other doesn't. CBN cannot seem to justify the ban that was handed down to bitcoin transactions, and doesn't seem to care less about the feelings of other parties and officials involved in the matter. Also, the statement from the government itself that they do not discourage crypto trading while still actively closing bank accounts that had some taint of bitcoin trades in them is outright deceitful. I just hope that they will review this extensively before they pass down decisions abruptly to avoid confusions just like what they have there right now.

[livingfree]

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.

Are you from that country?

There is a likely that such news are really political and there must be a reason why they're putting their eyes on bitcoin instead of other concerns that they should tackle.

So either way, crypto would have its way soon

Nigeria is one of the countries to have the huge volume that influx to the market and no matter what happens, citizens will find their ways to keep going.

[Mpamaegbu]

But ever since the pronouncement, bitcoin has gained more awareness and before then , the wave of news about bitcoin was minimal even in Televisions

It will shock you when you get on social media, especially on Facebook, to read the vituperation of some Nigerians on Bitcoin. You would wonder the level of ignorance these ones spew. The amusing thing is that from the way they write you would know they are educated but this part of cryptocurrency still eludes them. They classify Bitcoin as a ponzi scheme and think the ban on it by the CBN is a welcome development... LOL.

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.

Yes, Channels TV has the best business and financial reporters among the rest of the Nigeria stations. I became a fan when Boson Omofaye handled that daily business morning show before Nancy came on board and then left for AIT. However, the sad thing is that some times John Momoh (CEO of Channels) allows himself to be a willing tool in the hands of politicians (let's not go there now, anyway.). I actually got elated last December when I spotted that Zugacoin advert almost everywhere in my state. Not that I believed what the owner of Zugacoin said the coin would do (I actually didn't have the patience of going through its WP because I felt it would end as a ponzi) but I knew its publicity will further draw the attention of many to the real crypto industry. Surprisingly, Zugacoin is listed on both CMC and CG though with conflicting price feeds. Zugacoin owner presented himself as a clergy and in Africa religion is the opium. People easily listen to priests than experts.