What others have to say

Jeremy Gardiner, a director at Investec Asset Management, told clients: “A lot of people are dabbling in cryptocurrencies who shouldn’t be. Remember, no climb is too high until there are no more buyers. By all means buy if you think you understand it and think it will go up, but don’t mortgage your house.”

Kobus Kleyn, a Liblink adviser, said in a recent blog: “If you have no idea where the value and valuations come from and it cannot be explained to you, think three times before letting go of your hardearned capital. If you do decide to invest, ask yourself if you are willing to lose 100% of the capital you let go."

Vinny Lingham, an internet entrepreneur and investor in Shark Tank South Africa, said in a recent blog: “I have a diverse range of investments, stemming from . . . an investment fund in South Africa . . . which invests in local companies . . . as well as a number of investments in bitcoin/blockchain companies . . . I also decided to put a small investment directly into bitcoin – representing a single-digit percentage of my net worth, as I have advised others to do in the past. If I lose it, it won’t hurt, and if it outperforms the rest of my portfolio, then great, but it’s not enough for me to worry about.”