Davido Considers Setting Up a BTC Trading Outfit

BTC trading is about to take a celebrity turn in Nigeria after popular 30BG singer declared that he is considering going into BTC trading.

The Better time Crooner who is also an American/Nigerian singer and songwriter declared via the Bird App, Twitter, that he was thinking of starting a Bitcoin trading company in the early hours of the 2nd of February, 2021.

This trading company will offer services that cover speculating the movement of BTC prices, purchasing BTC at choice periods and trading it off for solid gains also at “choice” periods.

Read More Articles: BTC to be Used as Global Medium of Exchange in the Future

This declaration comes in the wake of an imminent global adoption of BTC. Many institutional investors like Microstrategy; digital currency investment outlets likeGrayscale Investments LLC.; and high net worth personalities like Elon Musk, who doubles as the CEO of SpaceX and the product architect of Tesla have shown public endorsement of the leading currency. These persons have stashed substantial amount of money in the leading currency.

It is more evident now than ever before that the mainstream adoption of bitcoin cannot be overlooked. Just recently, MicroStrategy’s Michael Saylor advised Musk along these lines:

“If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC. Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor.”

While many investors cannot get over BTC and its many future potentials, some still hold conservative reservations against the “digital gold”. American stockbroker and financial commentator, Peter Schiff recently called Microstrategy foolish for stashing huge sums of money in bitcoin.

It appears that many Nigerians are ready to take on the crypto space not only as retail traders but even as innovators, incorporated traders and are even ready to explore the whole sector.

Nigeria already boasts of Nigerian-made tokens like the Earnathon and many others, with Ifeanyi’s father set to take on the crypto trading sector on a larger scale, it appears that the crypto sector is taking on a good upward scale even at press time.

Please kindly note that this piece is only for informational purposes and should not be read as an investment advice.