Bitcoin is a treat to banks and governments,because it give them no clue of transactions made on the blockchain,and they don't also have control over those citizens financial life. A lot of people are dumping the banks for bitcoin,and this makes the government see that their fiat currency is been threaten by a currency that its theirs.
Nigeria youths have gone far in bitcoin adoption as long as I know,since the government don't care about the youths anymore. This make them to embrace bitcoin adoption as a means to earn a living for themselves through trading and as an asset. If you use an exchange to sell your bitcoin and get your money in your local fiat currency, I don't think that there is any possibility of the government to trace or track you down,if not so many Nigerians by now would have gotten their account freezed, including myself.
It's wild to ponder the extent of Bitcoin's menace to conventional financial institutions. They've gotta be quaking in their loafers! But honestly, is it that shocking? In an era where tech's ever-evolving, it was bound to happena superior financial management system. And let's not kid ourselvesgovernments aren't always our BFFs.
No shocker that many Nigerians are embracing Bitcoin for financial freedom. Who needs banks or governments, right? With Bitcoin, you're your own monetary genius! The cherry on top? Untraceable transactions, so your finances stay private and safe.
So here's to Bitcoin and Nigerian trailblazers! Time to seize control of our dough and bid adieu to old-school finance. Armed with humor and heaps of Bitcoin, we'll forge a brighter financial destiny!