National Economy
Tuesday, May 27, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home News

Expert Asks Nigeria To Seize Crypto Opportunity With Strategic Bitcoin Reserve

by Jonathan Ndaisaiah
4 months ago
in News
Reading Time: 3 mins read
crypto
Share on FacebookShare on TwitterShare on Telegram

A technology innovation expert, Hanu Fejiro Agbodje has projected that cryptocurrency and other Asset Cloud properties would unlock prosperity across the world.

He therefore advocated that Nigeria should build a Bitcoin reserve, in the same manner as there are gold and dollar reserves.

An estimated 33% of Nigeria’s population now invests in cryptocurrency, making the country the second, only to India in adoption worldwide, according to Chainalysis, a New York-based firm that monitors the use of blockchains, the technological protocol upon which cryptocurrencies are built.

Although forecasts say that Nigeria will experience tough times in 2025, the cryptocurrency industry is primed to hit the skies.

You May Like

Seplat Energy JV Boosts Eye-health In Edo State

Obasanjo, Sanwo-Olu, Adesina, Others To Speak At AgriConnect Summit 2025

Last year saw a breakout surge of 116% in Bitcoin, riding a wave of enthusiasm for developments such as the approval of Bitcoin’s Exchange-Traded Funds (ETFs), the halving event in April, and Donald Trump’s win in the United States presidential election in November. But 2025 is set to outperform in other segments of the cryptocurrency market, industry, according to experts.

In a recent interview with Channels Television’s Business Incorporated, Agbodje, who is the CEO at Patricia Technologies, said that the forecast for 2025 is that the Nigerian cryptocurrency would mature.

He explained that with Trump’s return to office as United States president, there would be a more pro-cryptocurrency world, which can benefit Nigeria.

He further said: “In 2025, I see the market maturing. On a more global scene, with Donald Trump coming back into power, we are going to see a more pro-crypto America, which will in turn lead to a more pro-crypto world, pro-crypto regulations, which would lead to more crypto products.

I see the first bitcoin reserve in America being launched. This is very pivotal to how nation states interact with this asset class. Nigeria needs to lead that aspect as well because Nigeria had a legislation on crypto just last year, and that was really fantastic.

He added that there is more expected at the governmental level to boost the industry.

“If I want to give one expectation for 2025, on a governmental level, “Strategic Bitcoin reserve” that is where I want to see Nigeria go. On a retail side, Bitcoin is going to the moon.

“I foresee bitcoin hitting $180,000 by the end of the year, at a minimum. It’s a bullish year for crypto and it’s going to be a best time to hold crypto as an investor.

“So this year, what we need to do is take it a bit further and set up a bitcoin reserve for Nigeria. Just the same way we have gold reserve, and dollar reserve, we need to now have a Nigerian Strategic Bitcoin Reserve.”

He explained that “Bitcoin is here to stay, there is going to be a race on what nation gets there first. It gives us the first movers’ advantage, it is an appreciating asset, it will help safeguard wealth for the future, and most importantly, take us closer to financial sovereignty. El Salvador is doing it, some states in America are already doing it as well”.

El Salvador became the first country to use bitcoin as legal tender, after having been adopted by the Central American country’s Legislative Assembly in 2021.

The cryptocurrency move was promoted by President Nayib Bukele, and it has improved the economy by making banking easier for the average citizen, and encouraged foreign investment. The policy has also enhanced tourism to the country by 95%.

In its August 2024 report that highlighted the growing recognition of the increasing importance of digital assets in the global financial system by nation states, CoinGecko, the world’s largest independent cryptocurrency market data aggregator, stated that governments across the world held a combined 2.2% of global Bitcoin supply as at the end of July, 2024, worth a total $32.7billion with the United States, China, United Kingdom, El Salvador, and Ukraine emerging the top five Bitcoin-holding countries.

Following Trump’s election last November, Bitcoin crossed the $100,000 threshold for the first time and gained 51% in just a month. Altcoins similarly surged, with Ethereum up 59%, and other tokens like XRP, Solana, and Tron also seeing strong gains.

ShareTweetShare
Previous Post

2025 Budget: N46bn Inadequate To Meet Nigeria’s Employment Challenges — Minister

Next Post

Nigeria Raises Concerns Over Trump’s Order On Taxes, Tariffs For Foreign Countries

ANOTHER GOOD READ

Seplat Energy JV Boosts Eye-health In Edo State
News

Seplat Energy JV Boosts Eye-health In Edo State

2 days ago
Obasanjo, Sanwo-Olu, Adesina, Others To Speak At AgriConnect Summit 2025
News

Obasanjo, Sanwo-Olu, Adesina, Others To Speak At AgriConnect Summit 2025

5 days ago
crypto
News

Access Bank, Deloitte Collaborate To Enhance Sustainable Growth For SMEs

5 days ago
PalmPay To Empower 5,000 Women, Youths In Kano
News

PalmPay To Empower 5,000 Women, Youths In Kano

5 days ago
Aviation Ministry To Partner TV Station On Projects
News

Aviation Ministry To Partner TV Station On Projects

5 days ago
Nigeria Raises Concerns Over Trump’s Order On Taxes, Tariffs For Foreign Countries
News

Trump To Host Private Dinner For Top Crypto Investors

5 days ago
Next Post
Nigeria Raises Concerns Over Trump’s Order On Taxes, Tariffs For Foreign Countries

Nigeria Raises Concerns Over Trump's Order On Taxes, Tariffs For Foreign Countries

Most Recent

Seplat Energy JV Boosts Eye-health In Edo State

Seplat Energy JV Boosts Eye-health In Edo State

May 25, 2025
When Industry Moves Like Nation-Builders

When Industry Moves Like Nation-Builders

May 25, 2025
Obasanjo, Sanwo-Olu, Adesina, Others To Speak At AgriConnect Summit 2025

Obasanjo, Sanwo-Olu, Adesina, Others To Speak At AgriConnect Summit 2025

May 22, 2025
crypto

Access Bank, Deloitte Collaborate To Enhance Sustainable Growth For SMEs

May 22, 2025
NNPC/FIRST E&P JV Equips 180 Schools With Digital Learning Tools

NNPC/FIRST E&P JV Equips 180 Schools With Digital Learning Tools

May 22, 2025
PalmPay To Empower 5,000 Women, Youths In Kano

PalmPay To Empower 5,000 Women, Youths In Kano

May 22, 2025
Aviation Ministry To Partner TV Station On Projects

Aviation Ministry To Partner TV Station On Projects

May 22, 2025
HDAN Proposes Conversion Of Seized Estate Into Affordable Homes

HDAN Proposes Conversion Of Seized Estate Into Affordable Homes

May 22, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy