Crypto Adoption Surges in Nigeria as Prices Rally Ahead of 2024 Bitcoin Halving
• Bitcoin and crypto prices have surged in 2023 on expectations of major changes ahead of 2024's historical bitcoin halving event • China quietly flipped its stance and is now supportive of crypto • Nigeria lifted restrictions, allowing banks to handle crypto transactions again after banning services in 2021 • Nigeria is the 2nd highest global adopter of crypto after India; crypto transaction volume grew 9% YoY to $56.7B • Interest in bitcoin and crypto has exploded in Nigeria amid currency devaluation and high inflation