The CEO of South African cryptocurrency exchange VALR, Farzam Ehsani, argues that Bitcoin's decentralized and limited supply make it an attractive hedge against inflation and currency risk. This comes as South African firm Altvest Capital becomes the first publicly traded company to adopt Bitcoin as a strategic reserve asset, highlighting the growing appeal of cryptocurrencies in emerging markets facing persistent currency depreciation. Many African currencies have experienced depreciation in recent years, leading businesses to seek alternative stores of value. Ehsani acknowledges the challenges of institutional adoption of Bitcoin, including volatility and regulatory uncertainties. However, he believes Altvest's move signals a growing trend and that the appeal of Bitcoin as a strategic treasury asset is likely to intensify. South Africa, although recognized as one of Africa's top crypto markets, was grey-listed by the Financial Action Task Force (FATF), but has taken steps to address concerns and is expected to be removed from the grey-list later this year. Ehsani believes this will help South Africa regain its position in the global financial system and recognition as a strong emerging crypto ecosystem.



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