Nigerian inflation quickened to the most elevated rate in nearly 11 years in June. The rate increased to 16.5% from 15.6% in May, National Bureau of Statistics said in an announcement yesterday. That is the highest rate since October 2005, as per information on the CBN’s site.
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For some, this is something Bullish. For others, this may pose a major risk for the Bitcoin revolution, because so many BTC will no longer be usable in P2P for everyday payments. Regardless, this figure should be put into perspective with the fact that there will be 656,250 BTC issued after the 4th Bitcoin halving. However, this may not be a huge problem. Less BTC available for P2P just means that the value of BTC goes up and prices will change to ...
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