This is #Nigeria's second 100% devaluation in a year and as peoples savings are eroding, many are flocking to other currencies, #USDT and Bitcoin are the easiest escape routes available and its showing. 

While the market price for #Bitcoin is now 82.2 million #Naira, on P2P marketplaces there are many bids as high as 100 million or more. 

Yes Nigeria has reached 1 Satoshi = 1 Naira and the official market price will trend that way eventually. I never thought I'd see so many currencies making so many big moves, and I'm sure this is only the start of it, Nigeria, Argentina, Lebanon and Turkey were just the first act in the Currency Devaluation Cinematic Universe

https://m.primal.net/Hebz.png  

 Sometimes, the precipice needs to be reached multiple times, sadly, before desperation caused people to change. At that point, who cares if the technology is too hard to cold storage?

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 I'm bullish on the "cinematic universe of currency devaluation" 😁
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