Good Policies Can have Damaging unintended Consequences

I was having an argument with some one today about something I will like to express here. So this person here suggested that what if the CBN (Central Bank of Nigeria) prints N100 billion in cash and buys 5,847 bitcoin then sell it to Binance at $38,000 then pay back $222.2 Million back to the Reserves. Then he ended up asking if there was something wrong with the plan.

According to my opinion, this will have a great negative influence on the Naira, because after the 100 billion naira has been introduced, it will enable dollar scarcity in the market which will drive up the rate of dollar and thereby devaluing the Naira more.
So let’s look at it from this angle:

I will like you to comment your opinions below. Thank you