Nigerian cryptocurrency users and enthusiasts have rejected BTC’s 100% premium claims.

They described news stories suggesting that local residents are paying a nearly 100% premium on top of the going bitcoin price as “totally untrue.”Information Guide Nigeria

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According to users, such reports are based on a claim that is being propagated by people who do not fully understand the dynamics of the country and should therefore be ignored.

They said that such reports are based on tweets posted by social media users who do not fully understand how Nigerian residents use local cryptocurrency exchanges.nysc portal

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This tweet has continued to generate interest among bitcoiners. In his initial tweet thread, the user shared a screenshot suggesting that Nigerians are buying one BTC on the peer-to-peer platform Paxful at $47,924.

The tweet claims that the recent cash-out restrictions imposed by the Nigerian central bank have caused many citizens to exchange their naira for BTC.

Reacting to this tweet, Benjamin Eseoghene, CEO of local cryptocurrency exchange Roqqu, told News that while there are price discrepancies, it is simply not true that bitcoin is trading above $47,000 in Nigeria. .

According to Eseoghene insisted: “This is totally false, we are trading at a normal price, although there is some speculation about the fall of the dollar rate after the general election, maybe by then there may be some premium, but probably not close to 100% “.JAMB Result

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