South African MP Advocates Bitcoin Adoption to Hedge Gold Reserves

According to Odaily, South African Member of Parliament Mzwanele Manyi recently expressed on X that Bitcoin is on the rise and could devalue gold, a trend he believes is unstoppable. Manyi emphasized the need for South Africa to embrace Bitcoin as a means to hedge against the inevitable depreciation of its gold reserves. He suggested that with Bitcoin, the country could potentially clear its national debt within two years and have the financial resources to drive industrialization.