LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
No Result
View All Result
LBN South Africa Bitcoin Investing
Bitcoin News

Residents in South Africa Show A Keen Interest in Cryptocurrency Investments

by JP Buntinx
May 13, 2018
in Bitcoin News
Share
logo

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000

Sign up

Getting people excited about cryptocurrencies is not all that easy. Despite the initial surge in popularity throughout late 2017, things have calmed down a bit once again. In South Africa, it seems there is still a lot of positive momentum. A recent study shows how nearly one in two residents is on the verge of investing in Bitcoin or altcoins.

South Africa isn’t a country most people associate with cryptocurrency. Even so, there is a lot of interest in this new form of money. The MyBroadband 2018 Cryptocurrency Survey paints an interesting future in this regard. It seems one in two resident sis tempted to invest in Bitcoin or other cryptocurrencies. That in itself is rather interesting to keep an eye on.

An Interesting Survey in South Africa

Although only 1,244 readers took part in the survey, the results are surprisingly positive. Early 2018 hasn’t been too kind to most cryptocurrencies in the slightest. All currencies lost a lot of value compared to late 2017. The recovery process has been pretty rough, as any major price increase is suppressed almost immediately. This trend will probably continue for quite some time, as volatility is a key aspect of cryptocurrency.

The results themselves are pretty interesting. One in four confirms they will invest in cryptocurrency directly. Another 15% will invest in cryptocurrency and cryptocurrency mining equipment. This latter aspect is rather interesting. Local sources confirm there may be an electricity price hike of up to 50% in the near future. An increase in price will make cryptocurrency a lot less profitable and appealing.

While these results are impressive, it remains to be seen how this affects the various cryptocurrencies. Fresh money needs to find its way into this industry sooner rather than later. So far, this year hasn’t been too spectacular in this regard. South Africa may put itself on the map if these results are any proper indication. Even so, the study should be taken with a few grains of salt. Less than 1,500 respondents do not echo the sentiment of the entire country by any stretch of the imagination.

Header image courtesy of Shutterstock

Related Posts

Company Accused of Using COVID Relief Funds to Buy Crypto
Bitcoin News

Company Accused of Using COVID Relief Funds to Buy Crypto

The owner of the Carolina Fish Market in Ballantyne, North Carolina is in trouble for using a COVID-based loan...

by Nick Marinoff
September 21, 2023
Congressman Ritchie Torres Slams the SEC for Anti-Crypto Measures
Bitcoin News

The SEC Must Finally Decide on a Bitcoin ETF Application from ARK Invest

The Securities and Exchange Commission (SEC) is required to give an official decision regarding a new bitcoin-based exchange-traded fund...

by Nick Marinoff
September 21, 2023
Is Paraguay Looking to Make BTC Legal Tender?
Bitcoin News

Is Paraguay Looking to Make BTC Legal Tender?

The South American country of Paraguay is allegedly paving the way for crypto adoption like El Salvador, its neighbor...

by Nick Marinoff
September 20, 2023
Singapore Red Cross Says “Yes” to Crypto
Bitcoin News

Singapore Red Cross Says “Yes” to Crypto

Singapore Red Cross, a humanitarian aid organization, has agreed to accept donations in crypto. At this time, all those...

by Nick Marinoff
September 20, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • Alaya: The Pioneer of Artificial Intelligence Data

  • Zeebu Secures $25 Million in Presale Funding for World’s First On-chain Invoice Settlement...

  • Reef Labs $10M Accelerator Program COHORT 1 Begins, Paving the Way for Web3 Innovators

  • Registration for the Finance Magnates London Summit 2023 is officially open!

  • Tapbit Introduces Contract Copy Trading: Unlocking Profits for All Investors in the Cryptocurrency...

About us:

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin…

Follow us:

  • This field is for validation purposes and should be left unchanged.

  • About
  • Partners
  • PR
  • Advertising
  • Privacy
  • T&C
  • Contact
  • Trading Software
  • Online Casinos Germany

© 2023 Live Bitcoin News. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise

© 2023 Live Bitcoin News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.
Go to mobile version