Odum Chijioke John, the Founder and CEO of Chiji14xchange, one of the most popular platforms to buy and sell bitcoin in Nigeria has shed more light on the business of cryptocurrency, adding that the only challenge is that many see it as a get-rich-quick scheme which it is not.
To buttress his point he gave a personal experience that spurred him into going full scale into the business while at the same time giving an insight to the business of bitcoin trading. “Now for the business aspect, That is making money from bitcoin, I will give a simple illustration, I was introduced to bitcoin around February 2017 and at that time one bitcoin was worth somewhere around $900 but today the same one bitcoin is worth $7150. This is a whopping $6200 profit if you bought one then and held it till now.
Speaking further he said Nigeria is yet to adopt the official regulation of cryptocurrency even when it is ahead of other countries of Africa in activities.