Davido to start Bitcoin trading company

Nigerian singer, David Adeleke, better known by his stage name Davido took to micro blogging platform, Twitter, to indicated interest in establishing a company dealing in Bitcoin Cryptocurrency trading.

Taking to his Twitter page on Tuesday, the billionaire’s son posted that he is seriously contemplating starting off a Bitcoin company.

He wrote:

Thinking of starting a Bitcoin trading company … let’s see ..

This is coming at a time when many Nigerians are delving onto the bitcoin platform as the cryptocurrency continues to rise in value.

Considered by many as a market-liberation tool while critics continue to demonize it by labeling it as dangerous and volatile, bitcoins are no longer a mystery for the modern world.

Meanwhile, Cryptocurrencies use blockchain technology and are decentralized, which means a financial authority does not regulate them.

According to a recent report by Statista.com, there are over 18 million bitcoins in the world, with a global value of approximately $118 billion. During December 2017, bitcoin reached an all-time high price of $20,000 for a single bitcoin since its creation in 2009.

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