Cryptocurrencies have exploded on to the national and worldwide scene, with a growing number of retail and institutional investors increasing their exposure to them.
While awareness of cryptocurrencies is growing, many investors remain at best cautious and at worst outright sceptical about the growth potential and security of this investment vehicle.
However, cryptocurrencies can be a lucrative way to invest, provided you follow certain principles.
The greatest concern is that most governments have not formed coherent fiscal policies for the technology, which makes investors skittish that the trading rules, outright legality or taxation status may change over night. It is, however, unlikely that these matters will take effect in South Africa.