Here’s Why I’ll Still Invest My ₦1 Million in Bitcoin Despite Its Latest Dip
If I had ₦1 million to invest today, and had to choose between naira-backed investments, dollar-backed assets, or digital assets like Bitcoin, my money would still go to Bitcoin, even after its recent decline below $100,000, marking its lowest level since June.
Despite short-term volatility, Bitcoin’s fundamentals, adoption trends, and investor conviction remain intact — positioning it as a long-term winner in an uncertain economic climate.
Why Naira- and Dollar-Backed Investments Aren’t Enough
Let’s start with the obvious.
The naira is far from investor-friendly right now. Inflation remains stubbornly high, eroding real returns, while the currency continues to face sustained pressure against the dollar.
Fixed-income instruments like Treasury Bills or savings deposits may seem stable, but their returns often fail to keep pace with inflation. Parking ₦1 million in a savings account might feel safe, but in reality, inflation is silently eating into your capital.
Meanwhile, dollar-backed investments offer stability, a rare commodity in Nigeria, but at a cost. With U.S. Treasury yields averaging 4–5% and FX conversion hurdles eating into profits, you’re merely preserving wealth, not growing it.
For many, that’s fine. But for investors seeking growth, not just survival, Bitcoin offers asymmetric upside, the potential to multiply your capital several times over.
Bitcoin’s Fundamentals Are Still Strong
Yes, Bitcoin has been volatile. Its price briefly slipped below $100,000 following the Trump-tariff-driven market selloff, which triggered widespread liquidations in leveraged crypto positions. But beneath the chaos, Bitcoin’s fundamentals are strengthening.
According to CryptoQuant, investors accumulated over 375,000 BTC in just one month, a record level of conviction buying. That’s not panic selling; that’s confidence in the long-term story.
Data from CoinGlass shows that more than $1.7 billion in long positions were liquidated in just 24 hours during the crash. Such massive shakeouts typically remove speculative leverage, creating a healthier, more organic market.
Following the cleanup, Bitcoin rebounded above $103,800, showcasing resilience after one of the year’s biggest corrections. Historically, similar correction-plus-accumulation phases have set the stage for major rallies.
When weak hands exit and long-term holders accumulate, the foundation for future growth becomes stronger.
Why Now Might Be the Best Time to Buy Bitcoin
Every investor dreams of that “perfect entry point” when fear dominates the market, but the fundamentals point toward recovery.
Right now, Bitcoin might be in that exact zone.
While the headlines scream “crash”, on-chain metrics suggest otherwise. About one-third of all Bitcoin in circulation is currently held at an unrealised loss, a condition that has historically signalled market bottoms and upcoming rebounds.
At the same time, the macro environment favours Bitcoin. Global inflation remains sticky, central banks are tightening liquidity, and investors are increasingly seeking decentralised, scarce, and globally liquid assets.
Bitcoin checks all those boxes.
Its 2025 halving event has already reduced new supply issuance, a catalyst that has historically driven significant rallies within 12–18 months. Combine that with growing institutional demand, and Bitcoin’s long-term trajectory looks even stronger.
Bitcoin vs. Traditional Assets: The Growth Edge
Compare Bitcoin to traditional options:
- The naira continues to depreciate.
- The dollar offers stability but limited growth.
- Bitcoin, on the other hand, provides scarcity, borderless liquidity, and exponential upside potential.
It’s not risk-free, but no meaningful investment ever is.
What makes Bitcoin stand out is that it’s no longer a fringe asset. Major institutions like BlackRock, Fidelity, and even sovereign wealth funds are integrating Bitcoin into their portfolios through ETFs and other instruments. Each new entrant adds liquidity, legitimacy, and long-term stability to the market.
So, if you invest ₦1 million today, roughly $800, into Bitcoin, you’re not gambling on short-term price swings. You’re buying into a long-term structural shift, the growing belief that digital, decentralised assets will be a core pillar of the global financial system.
Even a modest recovery could double or triple your investment within a few years, something few naira- or dollar-backed assets can promise.
Final Thoughts: Risk, Reward, and Real Opportunity
This isn’t financial advice, just conviction.
Bitcoin is volatile, yes. But its scarcity, global acceptance, and institutional validation make it more than a speculative bet. It’s an emerging store of value that blends technology, finance, and scarcity in a way no traditional asset can replicate.
At a time when both naira and dollar investments feel stagnant, Bitcoin remains the bold investor’s best asymmetric bet.
