Things are escalating fast like in Nigeria where the central bank tries to force the people into a CBDC framework and BTC-adoption grows fast in response. And financial conditions will become much more volatile and tight as the Fed dries up the offshore dollar market even more. The cracks will shake countries that hardly anyone is counting on.
5 sats \ 4 replies \ @Zepasta 5 Feb 2023
deleted by author
reply
24 sats \ 2 replies \ @Lost_dogz 6 Feb 2023
There is no premium.
If you convert using the black market Dollar/Naira rate the price is very close to the rest of the world.
If you convert using the official Dollar/Naira rate there seems to be a premium. Nobody except the people in charge have access to these rates. They use it to buy cheap dollars, not expensive Bitcoin
reply
0 sats \ 1 reply \ @siggy47 6 Feb 2023
Are you Nigerian or living in Nigeria? If so I would be very interested in hearing your first hand opinion of the current crisis and your general impression of bitcoin, as opposed to "crypto" or stablecoin, adoption in Nigeria.
reply
0 sats \ 0 replies \ @Lost_dogz 6 Feb 2023
Sry, I'm in Europe
Plenty of folks to find on Bitcoin Twitter who may be able to don't some more light on this
reply
2 sats \ 0 replies \ @elzonte 6 Feb 2023
They don't have big exchanges. That premium is due to p2p market conditions
reply
0 sats \ 0 replies \ @bature_ 6 Feb 2023
I feel sorry for my people and my country. But, one thing I'm sure is that everything including politics, CBDC, and more, will crash and burn, then bitcoin will rise and rise and flourish.
The current financial system breakdown is just a sign of bitcoin flushing out the bad actors. Bitcoin, in the end, will heal us all.
In the meantime, all I do, and encourage others to do, is to stack and stack and stack, and keep stacking sats.
reply
0 sats \ 0 replies \ @01xCc 6 Feb 2023
В России тоже решили перевести... но вот вопрос который им поставили! Как дать детям в шлоку немного денег??? лучше это будет биткоин...
reply
0 sats \ 0 replies \ @siggy47 5 Feb 2023
What a mess. I have been able to follow developments with a live news stream. Violence is escalating and it will probably just get worse as election day nears. Terrible situation.
reply