South African MP Mzwanele Manyi: The rise of Bitcoin will cause gold to depreciate and needs to be adopted to hedge risks

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ODAILY
12-25
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Odaily Odaily News reports that South African Member of Parliament Mzwanele Manyi recently posted on stating: "Bitcoin is rising across the board. It will devalue gold, and this is unstoppable. Therefore, we need to jump on this bandwagon to hedge against the inevitable devaluation of our gold reserves. With Bitcoin, we can liquidate our national debt within 2 years and have our own funds to drive industrialization."

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