Vi -Lina💜
@vi-lina
In 2024, Nigerian institutional investors allocated 1.2% of portfolios to Bitcoin, citing currency crises and inflation (22% in Lagos). Similarly, Turkish funds used Bitcoin to hedge lira depreciation, with volumes spiking 400% during Erdogan's unorthodox rate cuts. However, this "digital dollarization" risks exacerbating currency vulnerabilities, as seen in Argentina's 2024 peso crash correlating with local Bitcoin premium surges.
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