When fiat currencies fail, it makes Bitcoin stand out as a better store of value. Why is that hard to understand?
Discussion
The Naira failing also makes the Dollar or even the Euro stand out to the Nigerian people.
[And yes, Bitcoin too.]
Sure. Given enough time, Bitcoin will stand out the most.
The point is not that the Naira has failed (and shamefully devastated the lives of those saving value in it).
It is that all currencies will inevitably end up the same.
Nigerians can race to USD/EUR to protect them in the short term, yes.
But what happens when USD loses 40% value against Bitcoin in 10 days.
Your mindset it wrong.