Bitcoin Price Surge Ahead of Halving
Bitcoin has experienced significant price increase in 2023, propelled by speculation around upcoming changes in 2024, including a historical bitcoin halving. The excitement is partly due to BlackRock's interest in a bitcoin ETF, boosting market confidence.
- Nigeria has reversed its 2021 ban on bank engagements with Bitcoin exchanges, recognizing the need to regulate Bitcoin services and reflecting the country's high rate of Bitcoin adoption.
- Despite previous restrictions, Nigeria has strong demand as residents seek financial stability amid currency devaluation and economic challenges.