Anyone who follows the markets couldn’t have failed to note the massive growth in the value of Bitcoin, alongside many other crypto-currencies, in the past year.
Those already invested in Bitcoin have seen their holdings increase in value to every traditional currency, while those on the outside have been left wondering if it’s too late to take advantage of the opportunity.
This has had the effect of increasing individual investors’ confidence in the future of Bitcoin, while simultaneously pushing up the value of Bitcoin through increased demand.
He adds that they’re still seeing strong demand from individual South African investors for Bitcoin.
This enables them to treat their Bitcoin holdings in the same way that they treat their other investments.
Ovadia comments that the risks in the Bitcoin market are lower now than they have been in the past.
Another potential driver of growth in this market is institutional investors such as pension and hedge funds.