Is USDT Preferred Over Bitcoin In Africa? Crypto Expert Suggest Adoption Pattern In Africa, is USDT more popular than Bitcoin? A crypto specialist recommends a pattern of adoption.
In recent years, an increasing number of individuals have turned to cryptocurrencies such as Bitcoin as a means of securing their financial independence and protecting their savings. People who want to safeguard their money from political and economic instability often choose the most valuable cryptocurrency. However, not everyone experiencing financial difficulties can easily invest in digital assets like the flagship cryptocurrency due to the volatility and risks involved. A recent message shared by former NFL player and Bitcoin supporter Russell Okung spurred a conversation about the adoption of Bitcoin and stablecoins in Africa. A financial expert predicts that Bitcoin will reach $100,000 by June 2024. Stablecoins are more popular than Bitcoin in economies experiencing difficulties. Professional athlete Russel Okung started a discussion on X (previously known as Twitter) by describing his efforts to promote the Lighting Network in Africa. Okung, recognized for promoting Bitcoin, shared that the incident led him to confront a stark truth about his beliefs regarding the adoption of cryptocurrency in Africa. In his statement, the ex-NFL player revealed that he discovered that people were more inclined to use USDT over Bitcoin, despite his efforts to support the primary cryptocurrency. Even though they were artificial, they still wanted USD. The crypto community members expressed their opinions on the issue.