A few days ago, the capital market company Altvest Capital became the first publicly traded African company to adopt Bitcoin as a treasury reserve asset. This move was announced as part of a broader treasury management strategy that focused on strengthening the firm\u2019s financial resilience and protecting its business from currency depreciation risks.<\/p>\n
Stafford Masie, chairman of Altvest Capital\u2019s board of directors \u2013 which played a crucial role in the company\u2019s decision<\/a> \u2013 has expressed his unwavering support for Bitcoin. A former head of Google for South Africa, Masie has been a prominent BTC advocate pushing for the adoption of the leading digital asset in the country.<\/p>\n During a session<\/a> with a podcast for the crypto exchange VALR, Masie told the host, Farzam Ehsani, that he is a Bitcoin maxi who does not believe in other blockchain projects.<\/p>\n According to a podcast transcript shared with CryptoPotato<\/em>, Masie sees every other blockchain as an interesting computer science project and a copy of Bitcoin that is trying to solve a problem in a niche, like offering a scalability solution for a challenge.<\/p>\n Masie revealed that he disliked other blockchain projects because they \u201cmurky the waters\u201d and frequently get in the way of Bitcoin. With the market currently witnessing some sort of detachment between Bitcoin and altcoins, Masie believes people are beginning to see the difference between both ecosystems from a decentralization and security point of view.<\/p>\n Regardless, Masie insisted that he stands for Bitcoin only because every crypto entity inevitably moves back to it. He said whatever happens in \u201cBitcoin land\u201d eventually ends up in the BTC space over the long term.<\/p>\n \u201cBut me, I am Bitcoin. I\u2019ve always been Bitcoin. I mean, I\u2019ve said it years ago. I don\u2019t believe in blockchain projects\u2026I love Bitcoin. I\u2019m in Bitcoin and Bitcoin only. I\u2019m a maxi,\u201d the Altvest board chairman stated.<\/p>\n Talking about the importance<\/a> of a Strategic Bitcoin Reserve (SBR) for South Africa, Masie compared<\/a> bitcoin (BTC) to gold. He asserted that the cryptocurrency had greater characteristics than the precious metal.<\/p>\n Citing Bitcoin\u2019s deflationary model, fixed supply, and stock-to-flow ratio, Masie argued that its utility \u201cfoul-strips\u201d that of gold. Masie thinks South Africans need to lobby for the government to invest a portion of national funds into Bitcoin because the long-term benefits are substantial.<\/p>\n In the meantime, Masie intends to utilize unused energy in South Africa to turn the country into a Bitcoin mining hub over the next few years.<\/p>\n The post Bitcoin or Nothing: Altvest\u2019s Board Chairman Dismisses Other Blockchain Projects<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" A few days ago, the capital market company Altvest Capital became the first publicly traded African company to adopt Bitcoin as a treasury reserve asset. This move was announced as part of a broader treasury management strategy that focused on strengthening the firm\u2019s financial resilience and protecting its business from currency depreciation risks. Stafford Masie, […]<\/p>\n","protected":false},"author":0,"featured_media":47396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47395"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47395"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47396"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin or Nothing<\/h2>\n
The Need For a South African SBR<\/h2>\n