On a global scale, Nigeria has become the most interested country in Bitcoin, ranking first in terms of interest according to Google Trends, closely followed by El Salvador. This phenomenon is particularly prominent against the backdrop of low banking service penetration and a high proportion of the millennial population. In Nigeria, Bitcoin is not only seen as a trusted store of value but is also widely used for convenient payments. However, the Nigerian government has recently been preparing new regulations in response to economic challenges and to prevent a collapse of the national currency. They plan to ban peer-to-peer transactions between the national currency and cryptocurrencies by May 2024. This policy change has significant implications for BITCIONS and its user base in Nigeria.