Don't let the truth get in the way of a compelling narrative!!
Yes, it is nonsense, spouted and repeated by people who either don't understand the difference between what is a central bank rate versus a parallel rate ("street rate"), or want clickbait headlines.
You cannot buy bitcoin in Nigeria at the central bank rate -- only at the parallel / street rate.
As far as the actual rise in the BTC/NGN exchange rate? There will be some upwards pressure on the price where you might be able to get maybe up to a 10% premium for local P2P trading -- just like you can most anywhere else in the world too.
I saw a comment on Twitter today, from someone living in Nigeria, denying this claim.
Don't let the truth get in the way of a compelling narrative!!
Yes, it is nonsense, spouted and repeated by people who either don't understand the difference between what is a central bank rate versus a parallel rate ("street rate"), or want clickbait headlines.
You cannot buy bitcoin in Nigeria at the central bank rate -- only at the parallel / street rate.
As far as the actual rise in the BTC/NGN exchange rate? There will be some upwards pressure on the price where you might be able to get maybe up to a 10% premium for local P2P trading -- just like you can most anywhere else in the world too.
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