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Richard Beddow is the founder and former chair of the South African Association of Treasury Advisors, and is currently the Managing Director at ForexPeople SA. The recent crypto crash coincided with crypto being declared a financial product in South Africa. This move confirms the authorities are acknowledging the role and importance of crypto in our economy. However, with progress also comes risk.
analysis By Richard BeddowJohannesburg — YOU probably noticed the shift during the second half of 2017. Bitcoin and cryptocurrencies went from something you vaguely knew about and planned to read up on real soon, to the main topic of conversation at dinner parties. Since then the crypto fanboys have quietened down just a touch with the Bitcoin price hovering around the R85 000 mark, down from the heady heights of more than R300 000 in December 2017.
You probably noticed the shift during the second half of 2017. Bitcoin and cryptocurrencies went from something you vaguely knew about and planned to read up on real soon, to the main topic of conversation at dinner parties. Since then the crypto fanboys have quietened down just a touch with the Bitcoin price hovering around the R85 000 mark, down from the heady heights of more than R300 000 in December 2017.
by RICHARD BEDDOW JOHANNESBURG, (CAJ News) – YOU probably noticed the shift during the second half of 2017. Bitcoin and cryptocurrencies went from something you vaguely knew about and planned to read up on real soon, to the main topic of conversation at dinner parties. Since then the crypto fanboys have quietened down just a touch with the Bitcoin price hovering around the R85 000 mark, down from the heady heights of more than R300 000 in December 2017.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
