Michael Saylor believes that Bitcoin is the perfect solution to the economic problems in countries such as Nigeria and Zimbabwe... Michael Saylor, CEO of Microstrategy, suggested that Nigeria and Zimbabwe should issue currencies backed by Bitcoin if they want to reform their economies. He predicted that using the Bitcoin standard would end the famine and allow the citizens of both countries to live a decent life. National Currencies Backed by Bitcoin In a video where he also discusses claims that the Bitcoin network cannot scale, Saylor suggests that if Nigeria and Zimbabwe bought $2-3 billion worth of Bitcoin, they could end the currency problems their country is currently facing.
Saylor explained: Do you want to reform your country like Nigeria or Zimbabwe? The way you fix it is for your country to buy $2 billion, $3 billion worth of Bitcoin and issue a currency backed by Bitcoin. This is the Bitcoin standard.
No citizen will starve to death. They live a decent life. Bitcoin “kingmaker” Saylor, whose company now owns more than 114,000 bitcoins.
Before mentioning Nigeria and Zimbabwe, he identified Türkiye as another country that could buy bitcoins and use them to support the lira. According to Saylor, if Türkiye buys $5 billion worth of bitcoins and holds them over the next five years, it could strengthen the lira. Despite Saylor's persistent warnings, only one country - El Salvador - appears to have heeded the advice.
Many other countries, including Nigeria, have instead chosen to create their own digital currencies which they hope will reduce the appeal of Bitcoin. In the same video, Saylor insisted that this would happen and it would prove that Bitcoin is a “kingmaker.” Source
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