Cryptocurrency and blockchain supporters in Nigeria have asserted that the most current evidence indicates that citizens are paying nearly 100% more for the current value of Bitcoin. “These reports are completely false,” they say, noting that the experiences may be rooted in a false narrative propagated by people who don’t comprehend the mechanics.
Alleged 100% BTC Premium Generates World Interest
Some Nigerian crypto and blockchain devotees and users have declared that their recent encounters suggest that BTC’s worth on native crypto-exchanges is almost double that of the US dollar. This is completely false. Customers state that the experiences are based on tweets from social media users who don’t fully understand how it works. Citizens of Nigeria use local crypto exchanges.
Look How much? Nigerians Pay #Bitcoin proper now @paxful pic.twitter.com/WxAam58mWR
— 🧡NEEDcreations is racking up sats and jamming for EDM (@NEEDcreations) January 30, 2023
The declaration, which was supposedly sparked by one tweet, has continued to generate interest among Bitcoiners. In his initial tweet threadA screenshot was shared by the user, indicating that Nigerians You can purchase one Bitcoin on the peer to-peer platform Paxful Starting at $47,924.
The Consumer also suggested that the latest cash-out restrictions were enforced by Nigerian Many citizens have been urged by central banks to exchange their nairas for BTC. This According to the user, this has helped increase the US dollar value for the crypto asset.
HoweverIn his response to the tweet, and in subsequent media reports, Benjamin EseogheneThe CEO of local crypto trading, RoqquInform yourself Bitcoin.com News While there may be value discrepancies, it is not true that Bitcoin can be bought and sold for more than $47,000 in Nigeria. .
“This is totally false, we are trading at a normal price, although there is some speculation about the fall of the dollar rate after the general elections, maybe by then there may be some premium, but probably not close to 100%,” Eseoghene insisted. .
The Roqqu CEO suggested that not all social media users spreading the claim are doing so just to promote a particular narrative.
Illustration Not Accurate
MeanwhileOn TwitterSome Nigerian Customers declare that the widely circulated image is wrong and that no one is purchasing the cryptocurrency for more than $47,000. OthersLike Nathaniel LuzA crypto advocate and writer, John Grisham, complained about how a single tweet can be used to spread the word “half-truths and one-sided stories.”
Nigerians For one, you’ll pay 48k #Bitcoin Also, you are anticipating 10k in your 1st-world luxurious setting. Netflix. Yeah You are certain to be the wise one.
— John W. Creasy (💫☝️) (@21milinfinity) January 30, 2023
Luz also noted that people who use BTC values on Paxful To propagate 100% premium claims, don’t recognize how Nigerians Use the P2P platform (peer to peer).
“This is not even the price on Paxful. I was a
