According the Debt Management Office ( DMO ) the FG is planning to borrow between N305bn and N395bn ($1.08bn-$1.40bn) in local currency-denominated bonds with maturities ranging from five to 20 years in the third quarter of this year. The FG has said it will borrow about N900bn locally to finance part of the N2.2tn deficits in the 2016 budget.
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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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