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More than 3m South Africans trade in crypto currencies on one platform; Bitcoin draws crowds, says Luno

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Joining Jackie Cameron of BizNews to talk about the explosive growth of crypto currency trading in Africa - and in particular South Africa - is Marius Reitz, Luno’s Africa General Manager. Bitcoin’s price could exceed $50,000 over the longer term as the digital asset vies with gold for investment flows, according to cryptocurrency exchange Luno and brokerage OSL. Bitcoin quadrupled last year, eventually reaching an all-time high of almost $42,000 in early January before sliding back. The rally split opinion, with some commentators pointing to increased interest from long-term investors and others citing speculative buying. Learn more about your ad choices. Visit megaphone.fm/adchoices

27 Jan 2021 7AM English South Africa Investing · Business News

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