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Bitcoin – The Predictions Were Accurate but Below the Ceiling

At the beginning of this year there was much local speculation on the trajectory of Bitcoin.

A few local market commentators were quite adamant that Bitcoin would reach the magical R1 Million value at the end of February 2024.

Unlike with normal stocks and shares on the Stock Market and through brokers such as Easy Equities, investing in any form of Crypto can be a rodeo of sorts with many highs, lows and the occasional hard landing on an unyielding surface.

BUT, history has shown that crypto such as Bitcoin has a long steady upward trajectory line – the only challenge for this investment is knowing when to flinch, when to liquidate and when to go back in.

As it stands Bitcoin is standing at just over R1.2 Million today, 29 February 2024.

So this means that our market experts were right on the R1 Million mark BUT conservative as they missed the closing mark by 20%.

Below are the Top 10 Crypto Assets as per Easy Equities showing the Current Price and 24 Hour Change Percentage for each:

  1. Bitcoin: R1 222 764.00 – 9.8%
  2. Ethereum: R67 881.36 – 6.58%
  3. Binance Coin: R7 914.31 – 4.23%
  4. Solana: R2 373.53 – 14.49%
  5. XRP: R11.38 – 3.05%
  6. Cardano: R12.76 – 7.99%
  7. Dogecoin: R2.43 – 33.76%
  8. Avalanche: R795.06 – 6.12%
  9. TRON: R2.72 – -0.22%
  10. Chainlink: R378.13 – 4.51%
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  1. Wendy Luhabe\’s first step into entrepreneurship came in 1991 when she launched Bridging the Gap, a consulting firm that assists young black South Africans entering the working world. In 1993, she launched Women Investment Portfolio Holdings, the first fund to provide capital to women-owned businesses in South Africa. In 2002, she launched Africa\’s first Women-Focused Private Equity Fund. She also published her first book entitled: Defining Moments: Experiences of Black Executives in South Africa\’s Workplace. Luhabe launched her Foundation in 2002, to educate young disadvantaged black women, particularly from rural areas. In 2011, Luhabe was asked by Hillary Clinton to join the International Council on Women\’s Business Leadership (ICWBL). In 2014, she was appointed Member of the Board at The Abraaj Group, a global investment firm. In 2014, she was awarded Woman of Worth from the Jewish Achievers Awards in South Africa. In 2014, she was awarded the Lieutenant of the Victorian Order (LVO) by the British Royal Family. In 2015, she was awarded Lifetime Achievement Award at the Standard Bank Top Women Awards.