Experts Express Optimism, Confidence in Growth of Nigerian Blockchain, Cryptocurrency Industry in 2025

Experts in the Nigerian blockchain and cryptocurrency industry have expressed optimism and confidence in the growth of the industry in 2025

Experts in Nigeria’s blockchain and cryptocurrency industry are optimistic about the sector’s growth in 2025, thanks in part to President Donald Trump’s pro-crypto stance.

A day after returning to the White House, President Trump announced the launch of his Trump coin, $TRUMP, on his social media handles. The coin’s value skyrocketed to $75, making it one of the most valuable crypto coins. At the time of writing, the coin had dropped to $16.32 (9:54 am on February 23).

In 2024, he promised Bitcoin fans that he would make the US the “crypto capital of the planet.” This drove Bitcoin to a record high of $108,000 in December 2024, and many industry experts now predict that the price of Bitcoin will reach between $200,000 and $250,000 by 2025. At the time of writing, Bitcoin had dropped to $96,348.58 (9:57 am on February 23).

According to Tomisin Olatunji, a crypto analyst at Quidax, Donald Trump’s return to the White House and the anticipated approval of more crypto exchange-traded funds (ETFs) are driving optimism in the market. These ETFs are expected to facilitate mainstream adoption by providing easier access to digital assets for both retail and institutional investors.

This boom is not lost on experts who believe that Trump’s involvement in the sector will be a turning point for the industry, both globally and locally.

“Since Donald Trump took over the presidency, we’ve observed that the overall perception of crypto on a global scale is being altered and this is a good thing especially because many governments in different jurisdictions make decisions by mirroring America,” noted Chimezie Chuta, founder of Blockchain Nigeria User Group, (BNUG).

After becoming president, Trump constituted a working group saddled with the responsibility of drafting a framework that will bring clarity, definitions, and expectations that the US Securities and Exchange Commission will use in assessing crypto organisations.

Chuta believes that this step has added clarity which has been the yearning of investors in the space.

“The US wants to make clear which cryptocurrency is for security, which is a collectible, and utility, and this clarity is what most founders and investors have been longing for. It’s going to be redefined from a global perspective,” he added.

Read also: What cNGN, Nigeria’s stablecoin, means for crypto adoption

Godstime Ekashili, a Web3 researcher, shares Chuta’s sentiment noting that Trump’s crypto nod is great for investors’ confidence.

Obinna Iwuno, co-founder of CBC Blockchain Services, shared that President Trump has taken active steps to walk his talk with the introduction of no capital gains tax for holders of cryptocurrencies issued by US companies, like XRP by Ripple, ADA by Cardano, and SOL by Solana.

“This shift is already evident, with CoinMarketCap now featuring a special section called ‘Made in America,’ which didn’t exist before his presidency,” he said.

On the local scene, experts believe this bodes well for Nigeria which is one of the leading nations in blockchain and cryptocurrency adoption. Nigeria’s adoption has been driven by the persistent depreciation of the naira against the dollar with many seeing digital assets as a hedge against inflation. This has made the country through the Securities and Exchange Commission (SEC) accept digital assets after years of outlawing them.

“Crypto provides Nigerians with a unique opportunity to participate in the global economy,” stated Olatunji of Quidax. “Crypto offers people an opportunity to make money, and as the market evolves and activities increase, we anticipate this momentum will positively impact the Nigerian economy, driving innovation, job creation, and financial inclusion.”

Chuta of BNUG notes that SEC’s continued regulatory clarity will lead to institutions and established organisations beginning to look towards the direction of crypto assets.

He stated, “While we might not expect Nigeria to say that they want to have Bitcoin as a reserve asset, I’m expecting that institutions and corporate organisations will begin to look at crypto, especially Bitcoin, as a reserve asset. There’s a reason why Bitcoin is being singled out and not crypto generally, because Bitcoin has a maximum supply and there aren’t many factors that can influence its pricing.”

Another analyst, Deborah Ojengbede, chief executive officer of AFEM Blockchain Network, also shared that 2025 is the year of more regulatory clarity. She stated in a December meeting, that the DG of SEC further gave clarity concerning its Accelerated Regulatory Incubation Program (ARIP).

The ARIP was introduced by the SEC to onboard firms that had already begun operations before the release of the Rules on Virtual Asset Service Providers in May 2022. The RI Program was