The price of bitcoin has grown from about $1000 at the beginning of this year to currently over $15 000.
Just in October one Bitcoin cost around R 60 000, now it hovers at around R 240 000 and R 250 000.
Similar to markets the bitcoin responds to developments, and the recent surge is speculated to be due to the announcement by two global markets that have announced their intention to legitimatize it as an asset class for mainstream investors.
Mpho Dagada, entrepreneur and author of “How I Became a Millionaire at 21, Bitcoin” explains how cryptocurrency works, and more specifically how bitcoin works.
“When you go about investing in cryptocurrencies, you look at what type of solution this cryptocurrency is solving”, advises Dagada.
Dagada highlights the benefits of being involved in cryptocurrency markets, as they benefit anyone in any country around the world.
Click for full interview:
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