It seems like there’s a lot of negativity in many South Africans’ and Bitcoiners’ lives right now. Riots, inflation, corruption, load shedding and of course …
Weekly News The widespread chaos in the South African provinces of Kwa-Zulu Natal and Gauteng are evidence that previously “safe” investments such as residential, commercial …
The integrity of your bank balance, pension, home and all your worldly physical possessions are subject to the rule of law being maintained. This weekend has shown us that this thin veneer can rapidly be breached.
But what if you owned an asset that cannot be confiscated? This asset exists, it’s called Bitcoin.
We owe Chinese Bitcoin miners a standing ovation for the service that they have provided to Bitcoin. They have secured the network for years and paved the way for the industrialization of Bitcoin mining.
Some see this event as a warning sign, some this as an opportunity. In the long-term, China has effectively removed the last area of centralisation that Bitcoin has left.
HODLers are acquiring more than the speculators are selling and thus, there is a good chance that a price floor has been set for this accumulation period.
We at Bitvice, actually think it is great news that the regulatory bodies finally recognises Bitcoin as a serious asset and that it will become a licensed product for financial services. But, we all have a fight ahead of us on privacy, self-custody and self-sovereignty.
News broke this weekend that El Salvador will be looking to make Bitcoin a legal tender in its country and to add it to its monetary reserves.
Accumulating just R2000 per month over the last three years would have resulted in you spending R72 000, but your Bitcoin value today would be worth ~R320 000, an increase of over 320%.
The aim of this article is to detail the standard operating procedure for investors and advisors to self-custody Bitcoin.