Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,191,320 members, 7,943,795 topics. Date: Monday, 09 September 2024 at 02:28 AM

Should The Naira Get Devalued By Bitcoin - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Should The Naira Get Devalued By Bitcoin (224 Views)

Invest 500,000 Naira, Get 100% On Your Investment / Invest 250,000 Naira, Get 100% On Your Investment / How You Could Get Crushed By Bitcoin (2) (3) (4)

(1) (Reply)

Should The Naira Get Devalued By Bitcoin by Write4me(m): 7:20am On Dec 10, 2020
Theres no gain saying Bitcoin could become the next global reserve currency. Over the years, many country currencies such as Portugal, Spain, England, and now United States have had thier currency as the world reserve and progressed on that.

From Venezuela to Iran among many other countries undergoing one economic sanction or the other, Bitcoin has provided a way around the harsh economic realities of political sanction as Central government have been buying and using Bitcoin to make unhindered transactions.

With the failing dollar and its impact on Naira, do you think it's time we dump the dollar and get our currency backed by Bitcoin?

Your take...

1 Like

(1) (Reply)

How Often Does Bitcoin Worth Increase / Forex Academy / Building Materials Suppliers Needed

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 5
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.