Business Day Spotlight
PODCAST | The bitcoin flash crash and what it means for cryptocurrencies
Mudiwa Gavaza is joined by Marius Reitz, GM for Africa at cryptocurrency exchange Luno, to discuss the recent bitcoin market crash
In this edition of the Business Day Spotlightwe review this week’s bitcoin market crash - its causes, implications and outlook.
Our host Mudiwa Gavaza is joined by Marius Reitz, GM for Africa at cryptocurrency exchange Luno.
Reitz explains the recent bitcoin market crash and what it means for investors.
Join the discussion:
While this seems progressive within the context of governments that for years looked at cryptocurrencies with suspicion, the implementation left a lot to be desired. After a bungled rollout this week, the price of bitcoin plunged by almost a fifth.
At the time of publishing, one bitcoin cost R661,703.42.
Topics of discussion include: the recent bitcoin market crash and what it means for investors, El Salvador’s rollout of bitcoin as legal tender, the growth of cryptocurrencies during the pandemic, an update of how SA regulators view cryptocurrencies, and the outlook for the sector.
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