I have been reading many news about different countries or people in different countries in talk with regulators and government officials about plans to make bitcoin as a reserve in their respective country. What I am very concerned about is that as many as we in Africa, I means the countries, I have not seen any country that is making a plan like this.
Or maybe I am missing some information. Is there any country that is having bitcoin national reserve plan? If I see any country in Africa with that plan, I will list it on this thread.
I will use Nigeria as example to draft why you don't see African countries trying out new ideas. When Tinubu came to office and wanted to take loan from IMF and World bank, they gave him some terms and conditions. He was to remove subsidy, unified the exchange rate and make sure to increased taxation. No loan was granted to Nigeria until this 3 things were done, that's the only way they think Nigeria economy can pay back the loan. This is to tell you African countries can't try new ideas.
Many African countries are loyalist to the west. Any plan they try and it's not incubated by them will be trash in the can and also we see their economy as a model to our own which is why you are yet to see any African countries try such thing as Bitcoin reserve. If there is an succession of Bitcoin reserve by any prominent countries such as United state, France, China and United Kingdom, the expect some African countries to do the same Bitcoin Reserve.
