Abuja: A cryptocurrency expert, Sunusi Danjuma Ali, has urged young Nigerians to acquire adequate knowledge of blockchain technology and risk management before investing in digital assets.
Ali gave the advice in an interview with newsmen on Monday in Abuja, while highlighting strategies for safe participation in the cryptocurrency market.
He said prospective investors should understand how blockchain technology works, study market trends and evaluate projects based on their use cases.
He said the investors should also understand development teams, token omics, roadmaps and community support before committing funds.
According to him, sound risk management remains essential, urging investors to invest only funds they can afford to lose, diversify their portfolios and avoid emotional decisions driven by fear or greed.
‘’Traders should protect their digital assets by using reputable exchanges and wallets, enabling two-factor authentication, safeguarding private keys and remaining vigilant against phishing attacks and other cyber threats, ‘’ he said.
Speaking on global economic developments, he said inflation, interest rate decisions, geopolitical tensions and regulatory changes had increased the cryptocurrency market’s sensitivity to macroeconomic events.
He noted that clearer regulations in some jurisdictions had encouraged institutional participation, while stricter policies elsewhere had triggered periods of market volatility.
The expert said he based his investment decisions on macroeconomic analysis, regulatory developments, project fundamentals and disciplined risk management rather than short-term market speculation.
On the future of the industry, Ali projected that artificial intelligence, decentralised finance, tokenisation of real-world assets and greater institutional adoption would shape the cryptocurrency ecosystem over the next five years.
‘’Improved blockchain scalability, interoperability, stablecoins, central bank digital currencies and decentralised identity solutions would further accelerate mainstream adoption, ‘’ he said.
Ali advised Nigerians seeking financial independence through cryptocurrency to focus on long-term investing, continuous education and projects with strong fundamentals instead of speculative trading.
He cautioned against investment schemes promising guaranteed returns, urging investors to verify information through official sources.
The expert also advised investors to secure their digital assets and treat market losses as learning opportunities for improving future investment decisions.
