Can Nigerian Government also integrate the Establishment of a Bitcoin Reserve?

[Gposas]

Greetings my fellow Naija pipo..
With the recent development of the US Government as them don sign the integration of Digital assets to their nations economy (alias Bitcoin Strategic Reserve) e clear say other nations across the world go begin dey buy dis idea as time goes on. Because e clear say most nations across d world don dey see d benefits of dis Bitcoin wey most people now dey call digital gold.

I know say e dey funny shar but regarding our country Naija, una think say e go fit ever come to the mind of our government be it dis present one or the one to come, to find interest for this Bitcoin stuff?
And how una feel say d country go be if d government fit venture into something like dis?

Though we all know the situation of things and governmental mindset for here but na normal thing say we all go survive no matter what.

I just say make I create this topic to get una thoughts as dis na my first topic for this board.

[Charles-Tim]

We still need a better information from the United States about bitcoin reserve. Only what was in the announcement from the White House was that those stolen funds that was recovered by the United States government will only be used in the reserve. Bitcoin and other cryptocurrencies even fell immediately during the announcement. Bitcoin fell from over $90000 to $84900 or so.

About Nigeria government to accept bitcoin strategic reserve, I do not know. There is nothing like that yet. Not even a proposal.

[Cantsay]

I know say e dey funny shar but regarding our country Naija, una think say e go fit ever come to the mind of our government be it dis present one or the one to come, to find interest for this Bitcoin stuff?
And how una feel say d country go be if d government fit venture into something like dis?

With the current government we have I don’t think we’ll be getting anything like that in our country - the only time we’ll probably get it is if something happens and we get a government with the proper wisdom to learn more about crypto because even if they’re are going to do it if they don’t learn about it properly they’ll most likely mess up things or deliberately screw up and then blame it on technology while they scope the money into their own pockets - don’t blame me that’s what I have know our leaders for.

[Cryptsafe]

Many nations are indeed looking up to the US concerning Bitcoin adoption and it finally began to take shape with the US making Bitcoin a strategic national reserve which we have long been anticipating but as it stands now, the US only converted the stolen Bitcoin for that purpose and have not said anything about purchasing more bitcoin adding to the one already in their possession which did not go down well with the crypto market last week.

As for Nigeria, the government is not the problem but the leadership is what decides what will happen in the government so whatever they say is what will be implemented looking at Bitcoin, we all know how transparent it is so I doubt if the current leadership would agree to implement such policy since.

[Mia Chloe]

Greetings my fellow Naija pipo..
With the recent development of the US Government as them don sign the integration of Digital assets to their nations economy (alias Bitcoin Strategic Reserve) e clear say other nations across the world go begin dey buy dis idea as time goes on.

Frankly speaking, it takes a lot of understanding and genuine interest in economic development and growth for a country to look into other alternatives as far as crypto to further improve their economic status and speed up growth. Sadly Nigeria lacks proper economic management let alone the gist of implementing a reserve.

Firstly internal economic problems of the economy have to be fixed to the bare minimum before the idea of a strategic reserve of any kind would come out positively.

[Rruchi man]

If you had anything observed about the Nigerian government, you should know that they lack creativity and would likely copy the moves of other governments.

Maybe not immediately, but it will come as no surprise to me if the Nigerian government chooses to copy the crypto currency strategic reserve and add it as a campaign promise during the next election.

[Agbe]

I think nigeria is going to own Bitcoin reserves in the future but not now because we as a nation has not come to the full realization of what crypto currency is and how we can use it in terms of helping our economy , it's going to take time before we will get to the level of having crypto currency reserves because for now our main problem is still how we can stabilize our economy as a nation

[DragonF]

Na good tin to get bitcoin reserve since the world is going digitalized but the issue be say wetin them go use the reserve do? Wetin I mean be say these politicians go use this reserve syphon money then use am for their personal gains. We never reach that level because our leaders dey after wetin them go gain and so make we no initial ideas wey go help them steal more of our treasury.

Wetin we need now na change in mindset. We get so many concern wey dey trouble us and e go benefit us wella if we tackle the preliminaries before we talk about other things like the bitcoin reserve wey you talk about. If we initiate such, politicians go abuse am and we no go see the good and e go bring retrogression instead of progression.

[Gposas]

Na good tin to get bitcoin reserve since the world is going digitalized but the issue be say wetin them go use the reserve do? Wetin I mean be say these politicians go use this reserve syphon money then use am for their personal gains. We never reach that level because our leaders dey after wetin them go gain and so make we no initial ideas wey go help them steal more of our treasury.

Wetin we need now na change in mindset. We get so many concern wey dey trouble us and e go benefit us wella if we tackle the preliminaries before we talk about other things like the bitcoin reserve wey you talk about. If we initiate such, politicians go abuse am and we no go see the good and e go bring retrogression instead of progression.

I no doubt you at all, any plans wey we government suppose use take do good things for the nation at large go change to mago mago stuff, even the ideas wey still dey bad na something wey the leaders even dey foster more...
The change of mindset na the medicine wey our leaders need. If the mindset of greed fit depart, certainly we nation go see progression.

But concerning the Bitcoin Reserve, for instance ooo, just a kind of positive imagination; if these our leaders fit from the hidden funds wey dem keep for unknown locations integrate this reserve con begin buy BTC for holdings... U no feel say this go tackle the difficult situations we dey face presently? And probably bring hope of a better Nigeria?

[Sim_card]

I think nigeria is going to own Bitcoin reserves in the future but not now because we as a nation has not come to the full realization of what crypto currency is and how we can use it in terms of helping our economy , it's going to take time before we will get to the level of having crypto currency reserves because for now our main problem is still how we can stabilize our economy as a nation

I will not support Nigeria having a bitcoin reserve because who will be with the private keys. You will wake up one morning and you will hear that our cold storage wallet for reserve has been compromised. Another way to loot public funds legitimately is this. My question is this, does Nigeria have gold reserve?

Na government wey get good heart and love for their country and their generations dey create bitcoin reserve. Shey Nigeria government get love for us, nobody won sacrifice for the nation to better from our politicians.

[Mia Chloe]

I will not support Nigeria having a bitcoin reserve because who will be with the private keys. You will wake up one morning and you will hear that our cold storage wallet for reserve has been compromised. Another way to loot public funds legitimately is this. My question is this, does Nigeria have gold reserve?

+1 karma man... I get exactly what you are trying to say and I can't actually blame you because the sad truth about it is that it's actually factual. Basically the leaders are not even competent enough for them to be entrusted with something that important.

Many countries out there are constantly looking for ways to boost their economy on the other hand here they seem to be of zero concern towards proper economic management and growth.

[Aanuoluwatofunmi]

This is possible but there's a way we have to first go about it, from the start of all things, they have to accept the use of bitcoin by everyone and see it as a recognized digital currency which is acceptable for payment of goods and services, this will truly bring a way forward to how they can make the citizens know their take on bitcoin as well as expect any further developments at this cause.

[Cryptsafe]

I think nigeria is going to own Bitcoin reserves in the future but not now because we as a nation has not come to the full realization of what crypto currency is and how we can use it in terms of helping our economy , it's going to take time before we will get to the level of having crypto currency reserves because for now our main problem is still how we can stabilize our economy as a nation

You are right that Nigeria would come to terms of owning a Crypto reserve but I believe that would be in the future because the calibres of persons in power currently do not really have clues about Crypto but Nigerians do and are eagerly waiting for who better understand the process to come into power. Maybe that could be the next political campaign agenda we are looking forward to seeing or hearing come next election just like one of us here already said.

[Agbe]

I think nigeria is going to own Bitcoin reserves in the future but not now because we as a nation has not come to the full realization of what crypto currency is and how we can use it in terms of helping our economy , it's going to take time before we will get to the level of having crypto currency reserves because for now our main problem is still how we can stabilize our economy as a nation

You are right that Nigeria would come to terms of owning a Crypto reserve but I believe that would be in the future because the calibres of persons in power currently do not really have clues about Crypto but Nigerians do and are eagerly waiting for who better understand the process to come into power. Maybe that could be the next political campaign agenda we are looking forward to seeing or hearing come next election just like one of us here already said.

You maybe prophesying about about Bitcoin being a political campaign agenda because we are very far from that our politics here is based on god fatherism so I doubt if that is ever going happen, Nigerian election is won based on rigging so we are far from what you are saying, having a bitcoin reserves is something that is still a future vision for Nigeria as a country

[Cryptsafe]

I think nigeria is going to own Bitcoin reserves in the future but not now because we as a nation has not come to the full realization of what crypto currency is and how we can use it in terms of helping our economy , it's going to take time before we will get to the level of having crypto currency reserves because for now our main problem is still how we can stabilize our economy as a nation

You are right that Nigeria would come to terms of owning a Crypto reserve but I believe that would be in the future because the calibres of persons in power currently do not really have clues about Crypto but Nigerians do and are eagerly waiting for who better understand the process to come into power. Maybe that could be the next political campaign agenda we are looking forward to seeing or hearing come next election just like one of us here already said.

You maybe prophesying about about Bitcoin being a political campaign agenda because we are very far from that our politics here is based on god fatherism so I doubt if that is ever going happen, Nigerian election is won based on rigging so we are far from what you are saying, having a bitcoin reserves is something that is still a future vision for Nigeria as a country

To clear your doubt was there no type of promises made during the elections? Till date are the promises fulfilled?  We all know the country were we come from as they can use anything for campaign purposes to woo the electorates to casting their votes for them. I will not forget about the godfatherism aspect  as that is what wins election and believe me even the godfathers would advise their chosen to go to any extent to say anything just to win the heart of the electorates so they could have their way in.