A few days ago, Capital Market Altvert Capital became the first African company to publicly adopt Bitcoin as the original cabinet reserve. This step has been announced as part of a wider strategy for the Treasury Management, which focused on enhancing the company’s financial flexibility and protecting its business from the risk of low currency value.
Staveford Massi, Chairman of Altvert Capital – who played an important role in the company’s decision – has expressed his steadfast support for Bitcoin. Massi was the former head of Google for South Africa, and he was a prominent BTC defender to pay the country’s leading digital assets.
Bitcoin or nothing
during a class With the presence of the Crypto Exchang Valr program, Massi told the host, Farzam Ehsani, that he is Maxi Bitcoin who does not believe in other Blockchain projects.
According to a common podcast version with CryptopotatoMassi believes that each Blockchain is the last interesting computer science project and a copy of Bitcoin tries to solve a problem in place, such as providing a challenge expansion solution.
Massi revealed that he did not like other Blockchain projects because it is “mired in water” and often intercept Bitcoin. Since the market is currently witnessing a kind of separation between Bitcoin and Altcoins, Masie believes that people have begun to see the difference between ecosystems from the point of view of decentralization and appropriate.
Regardless, Massi insisted that he defend Bitcoin only because every encryption entity is inevitably transmitted to him. He said that everything that happens in “Bitcoin Land” ends in the long -term BTC space.
“But I, I am Bitcoin. I have always been Bitcoin. I mean, I said it years ago. I don’t believe in Blockchain projects … I love Bitcoin. I am only in Bitcoin and Bitcoin. Altvert Chairman said.
The need for SPR South Africa
Talking about the importance of Bitcoin Strategic Reserve (SBR) to South Africa, MASIE compare Bitcoin (BTC) to gold. He stressed that the cryptocurrency has greater properties of precious metal.
Quoting the Bitcoin contraction model, fixed supply, and inventory to flow, Masie argued that its benefit is “unpleasant lines” of gold. Massi believes that South Africa needs to pressure the government to invest part of national funds in Bitcoin because the benefits are long -term.
Meanwhile, Masie intends to use unused energy in South Africa to convert the country into the Bitcoin Mining Center over the next few years.
Binance Free $ 600 (Full Details).
Limited offer for Cryptopotato readers in Bybit: Use this link to register and open a $ 500 free site on any coin!
