Altvest Capital, a South African investment firm, announced on February 21st that it will invest in Bitcoin.

Initial Investment and Regulatory Considerations

Altvest's Bitcoin adoption began with the purchase of one Bitcoin, according to CEO Warren Wheatley. He noted that the firm is working with regulators on Bitcoin-linked equity instruments.

“We have applied to the regulators to have BTC-linked equity instruments listed,” Wheatley said.

The firm views Bitcoin as a long-term strategic reserve asset rather than a short-term speculative investment.

Bitcoin as a Hedge Against Currency Depreciation

Altvest sees Bitcoin as a safeguard against economic risks, particularly the depreciation of the South African Rand, citing its long-term growth potential.

“Bitcoin is fundamentally different from other digital assets,” Wheatley stated. “It is the only truly decentralized, scarce, and globally recognized digital asset that aligns with Altvest’s investment philosophy.”

Focus on Bitcoin Over Altcoins

Altvest has ruled out investments in alternative cryptocurrencies, citing concerns about centralized governance, inflationary supply mechanisms, liquidity risks, and regulatory uncertainty.

However, the firm remains open to monitoring developments in the broader cryptocurrency space.

Future Plans and Market Adoption

Altvest plans to expand its Bitcoin holdings by reinvesting profits and raising additional capital.

Wheatley believes other companies in Africa may follow similar strategies.

“We are the first publicly traded, listed company in Africa. I’m pretty sure many privately held companies invest aggressively in BTC,” he said.

He also suggested that companies in Rwanda and Kenya, known for early adoption of technology, may explore similar investment strategies.

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