What are cryptocurrencies and what can you buy with them in South Africa?
Revix’s Sean Sanders gives valuable advice on Breakfast with Martin Bester.
According to AFP, the cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2-trillion, as it increasingly attracts interest from big names on Wall Street.
What exactly is Bitcoin and how does it work? Each Bitcoin is a computer file which is stored in a 'digital wallet' app on a smartphone or on your computer.
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People can send Bitcoin to your wallet, and you can do the same. It’s all above board and a legitimate asset, as every single transaction is recorded in a public list called the blockchain.
Crypto expert Sean Sanders joined Breakfast with Martin Bester to discuss the best “assets” to purchase when considering buying cryptocurrency.
Sean Sanders’ company, Revix, buys and sells baskets of crypto currencies and those crypto currencies allow you to control your own money.
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What are people buying with cryptocurrencies that will surprise us?
- Holidays
- Ferraris
- Krugerrands
- Coffee
Sean Sanders gives valuable advice: ‘This is a long-term investment. Start small, take your time, start with R500 then grow from there. Hang in there!”
Tune in to the 'Breakfast with Martin Bester', weekdays from 06:00 - 09:00. Stream the show live here or download our mobile app here.
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