South African Financial Advisor's on Bitcoin

We asked some of our financial advisors for their opinion on Bitcoin

• "There is money to be made in all crypto, but since there is no underlying asset it should not form part of more than 5% of your overall portfolio." ~ Waverley financial advisor, Hennie Venter
  
  
• "I think its the start of moving towards a single world currency but with a long way to go still. From an investment point of view, its difficult to evaluate Bitcoin due to a lack of underlying value which combined with the product being unregulated increases investment risk considerably." ~ Silverlakes financial advisor, Stefan Smit
  
  
• "Love it or hate it,it is here to stay and does have a role to play in the diversification of a clients portfolio." ~ Sunninghill financial advisor, Nikki Gajoo
  
  
• "I think it has it's place in the market, but it is a matter of personal preference." Irene financial advisor, Elzette Brits
  
  
• "No comment, I do not give advice on Bitcoins as it is not regulated in SA."Westville financial advisor, Thembisa Mngadi
  
  
• "This would be a very long discussion involving macro economics and supply and demand but briefly put: right now its a good as going to the casino but in future, it will most probably be regulated and will be in the same asset class a share."Monument Park financial advisor, Michael Veltman
  
  
• "It is here to stay, but will just become like another share. Although people have made a lot of money off Bitcoin, there are many people who have lost a lot of money. It is too risky for my liking and I don't recommend investing in it, unless a person is prepared/can afford to lose the money they do invest in it."Bryanston financial advisor, Gareth van der Merwe
  
  
• "Bitcoin has a future but it is in beginning of its life cycle thus too difficult to predict."Menlyn Financial Advisor, Sieg Prigge
  
  
• It is lasting longer than I expected and that only time will tell where it is going and where it will end. Bedfordview financial advisor, Mauritz Joubert

DISCLAIMER: These are the personal opinions of the above financial advisors and do not constitute investment advice in any way. For investment advice please consult one of our listed financial advisors who will do a proper risk analysis for your particular circumstances,