Kenyan youth were seen with bitcoin placards during the recent protest, which threaded on X (the social platform formerly known as Twitter) and on TikTok.
Kenyans are turning to crypto to make ends meet in the face of widespread unemployment and distrust of President William Ruto.
Few days after the protests, interest in bitcoin in Kenya has increased per google trends search on bitcoin in kenya as youth in the country long to break free of the financial and many of them are taking the first step of creating a crypto wallet.
The protest, which started on the streets of Nairobi on June 25, saw the Kenyan youth marching in thousands to voice their dissatisfaction against the controversial finance bill. #RejectFinanceBill2024.
The finance bill has now been sent back to the parliament with the recommendation that all its clauses be deleted, Ruto wrote in a document addressed to the speaker of the national assembly.
Kenyans ranked third globally in the adoption of web 3.0 in Africa according to emurgo africa report in 2023. Also, in May, global mining corporation companies like Marathon Digital partnered with the government on green energy projects that include bitcoin mining exploration.
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