Mzwanele Manyi, a senior South African politician and former corporate executive, suggests that the country should consider investing in Bitcoin.
Manyi believes that Bitcoin is unstoppable and will devalue gold and silver significantly, urging the country to hedge its gold reserves by investing in the cryptocurrency.
He claims that adopting Bitcoin could help the country offset its debt within two years and drive industrialization with the remaining fund reserves.
The discussion around Bitcoin investment in South Africa is gaining momentum due to the proposed 'Bitcoin Strategic Reserve Act' in the US.