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
10 September 2021 - 13:11
byMudiwa Gavaza
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
El Salvador President Nayib Bukele speaks during a news conference in San Salvador, June 6, 2021. PIcture: REUTERS/JOSE CABEZAS
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:
Earlier this year, the government of the Central American country of El Salvador decided it would allow bitcoin to be used as legal tender for the buying and selling of goods and services in its economy.
Mudiwa Gavaza. Picture: DOROTHY KGOSI.
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.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
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:
Earlier this year, the government of the Central American country of El Salvador decided it would allow bitcoin to be used as legal tender for the buying and selling of goods and services in its economy.
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.
For more episodes, click here.
Engage on Twitter at #BDSpotlight
Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm
• Business Day Spotlight is a MultimediaLIVE production.
El Salvador adopts bitcoin as legal tender
PODCAST | Is it time to start regulating cryptocurrency?
Crypto adoption by individuals soars
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.