Nigerian Crypto Users and Enthusiasts Dismiss 100% BTC Premium Claims

Nigerian blockchain and crypto enthusiasts have said recent reports suggesting that local residents are paying a premium of almost 100% on top of the prevailing price of bitcoin “are totally false.” They argue that such reports are based on a claim that is being propagated by persons who do not fully grasp the dynamics in the country and should therefore be ignored.

Supposed 100% BTC Premium Generates Global Interest

Some Nigerian crypto and blockchain users and enthusiasts have said recent reports suggesting that the value of BTC on local crypto exchanges is nearly double the prevailing U.S. dollar value are totally false. According to the users, the reports are based on tweets posted by social media users who do not fully understand how Nigerian residents use local crypto exchange platforms.