DEBUNKING BITCOIN'S

MISCONCEPTIONS

DEBUNKING BITCOIN'S

MISCONCEPTIONS

Think Bitcoin is just for criminals or bad for the planet? Think again. This resource tackles the most common misconceptions with facts, data, and clear explanations—so you can separate fear from truth.

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"Bitcoin isn’t backed by anything? It’s backed by math, code, and the energy securing the most powerful monetary network on Earth."

– Michael Saylor

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"Bitcoin isn’t backed by anything? It’s backed by math, code, and the energy securing the most powerful monetary network on Earth."

– Michael Saylor

Featured

BTC Africa

Bitcoin’s African Revolution: Stories of Everyday Impact

May 21, 20251 min read

Simple Saturday – Bite-Sized Bitcoin Education + Lifestyle

While Western media debates ETFs and price charts, something far more important is happening across Africa:

Bitcoin is solving real problems.


Nigeria: Bitcoin Beats the Bank

In Nigeria, inflation hit over 28% in 2024.
The government limited ATM withdrawals and pushed a failing central bank digital currency (eNaira). Citizens responded by turning to peer-to-peer Bitcoin markets.

No bank. No ID. No permission.
Just money that works.


Ghana: Inflation Hedge and Business Tool

As the Ghanaian cedi collapsed, Bitcoin became a savings strategy for freelancers, merchants, and tech workers.
People began using apps like Bitnob, Paxful, and Lightning wallets to earn and transact.

Bitcoin wasn’t just speculation.
It was survival.


Kenya: Cross-Border Payments Reinvented

Remittances are a lifeline across East Africa. But fees from Western Union and banks take a massive cut.

Enter Bitcoin.
Now, using Strike or Wallet of Satoshi, families can send money instantly—with no middlemen.

Faster. Cheaper. Borderless.


Why This Matters

In places with:

  • Currency controls

  • High inflation

  • Corrupt governments

  • Limited banking access

Bitcoin isn’t optional—it’s essential.

“Bitcoin fixes this” isn’t a meme in Africa.
It’s daily life.

If you want to go deeper into how Bitcoin is advancing human rights, especially across Africa, check out the incredible work in Check Your Financial Privilege by Alex Gladstein.
It’s filled with real voices from people using Bitcoin as a tool for survival, freedom, and dignity.

Bitcoin isn't just financial tech. It's human rights infrastructure.

Back to Blog

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Our goal is to educate others on the value of owning Bitcoin from both a financial and humanitarian perspective.

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