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Are there other examples of commodities that turned into investments? Tulips? Is that how all many bubbles form?

Unironically as a Nigerian Bitcoin has been a god send. I was and am completely skeptical about crypto given that I believe 99.9% are basically complete scams. However, the idea of a censorship resistant layer of money transfer with no intermediary has worked wonders when our government was restricting access to our own money in our bank accounts. Will Bitcoin be that in the future? Who knows, but the demand is there for sure if you live in a society like this.

Can't Nigerians open bank accounts in a foreign country? Why did you need cryptocurrency to achieve your goals?

I can only imagine it's easier to pay for life's essentials with a debit-card issued by a UK or Dubai bank in Nigeria (or cash withdrawn from an ATM using the same card) than it is to pay for those same things with Bitcoin there.

There are lots of books on the history of financial downturns.

https://www.goodreads.com/book/show/6372440-this-time-is-dif...

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