Boardroom Talk: Stafford Masie reckons FTX implosion ushers in Bitcoin’s big moment, time to buy

This week controversial Cathie Wood of Ark Invest re-affirmed her forecast that by 2030 Bitcoin will have risen from its current $16 000 to above $1m. For most, her assertions appear to belong in cloud cuckoo land. As the chart below shows, quite apart from steaming higher, Bitcoin's price has fallen from $60k a year ago to below a peak of five years ago..But my go-to Bitcoin guy, Stafford Masie, doesn't share widespread scepticism on Wood's forecast. In fact he reckons she's being conservative..___STEADY_PAYWALL___.Masie, who calls himself a Bitcoin 'maximalist', regards the mysterious Satoshi Nakamoto's creation as 'a fundamental, technological gift to humanity that redefines value exchange on a global basis'. To whit: "Mankind got the gift of fire…….then the wheel……..now Bitcoin." Not one for the understatement our Stafford..We got together in the BizNews studio in Bryanston yesterday to discuss implications for digital currency markets of the FTX implosion, including the impact on SA crypto exchanges Luno and VALR. A fascinating 45 minutes broken into two parts. With one conclusion – use the current price weakness to buy Bitcoin. And wait. .Click here to watch the first part – and if you own crypto coins, be sure to also click here to hear Masie's advice on how to protect yourself in the wake of the FTX collapse and associated contagion. A good investment. Whether you're a fan or not..More for you to read today: .Financial experts say these assets will safeguard your money. 2022 has left investors with plenty to worry about. Bloomberg Markets asked some experts where they'd safeguard money over the next 10 years.Ian Macleod on the Austrian antidote to South Africa's decline. We need something that can unite our thinking and drive a new social and commercial zeitgeist. Something from Austria.Humbled central bankers scale back their ambitions. Once seen as the world's go-to economic crisis fighters, central bankers are now desperately trying to contain a problem they allowed to happen: inflation.Fatal crashes highlight rising danger of illicit charter flights. Numerous prominent passengers have traveled in recent years on charter flights that allegedly ran afoul of laws governing private air travel.Investing for 2024 with Alec Hogg – the future of politics vs economics in South Africa. In this webinar, Alec Hogg helps you understand how to best position yourself, and your investments for the future that awaits South Africa.ICYMI: BizNews Share Portfolio November update: Tech capitulation must be nigh. The share portfolio's recent move to local equities has proven to be a good one, supported by impressive compound annual growth rates in November..FTX fraud highlights Bitcoin's greatness, 'Shitcoins' not – Stafford Masie on Crypto ChaosOur go-to guy on all things digital, Stafford Masie, believes the FTX collapse and associated contagion will once and for all highlight the vast difference between Bitcoin and its many imitators – so called 'shitcoins'. In this fascinating interview with Alec Hogg of BizNews, he discusses FTX and its fraudster founder Sam Bankman-Fried, explains how the FTX collapse was inevitable and why what happened proves that in direct contrast to other crypto currencies, Bitcoin is 'a fundamental, technological gift to humanity that redefines value exchange on a global basis". A Bitcoin maximalist, he reckons Cathie Wood's updated forecast this week that Bitcoin's price will hit $1m by 2030 "is conservative". Sceptical? Keep an open mind, invest half an hour, and chances are you'll change that opinion.

Boardroom Talk: Stafford Masie reckons FTX implosion ushers in Bitcoin’s big moment, time to buy

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