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Nigeria’s Bitcoin Premiums May Better Reflect Country’s Demand for the Dollar, Not Crypto

Nigerians are paying a premium, but probably more for the stability of the U.S. dollar than for bitcoin, an analyst told CoinDesk.

Nigeria's bitcoin premiums are skewed by U.S. dollar exchange rates in the country. (Minchen Liang/Getty)
Nigeria's bitcoin premiums are skewed by U.S. dollar exchange rates in the country. (Minchen Liang/Getty)