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What has outperformed Bitcoin?

Crypto has outperformed all other asset classes over recent years but it’s not just a story of Bitcoin’s growth.

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Crypto has outperformed all other asset classes over recent years but it’s not just a story of Bitcoin’s growth. After increasing 100% in 2019 and 300% in 2020, Bitcoin has created more than a few millionaires.

However, there are other cryptocurrencies including Ethereum, Cardano, Polkadot, and Chainlink that have far outperformed an investment in Bitcoin alone over the last 12-months

What’s going on here?

The cryptocurrency market has started in 2021 with strong momentum as corporate and institutional interest accelerate. “The next boom has begun,” according to Forbes and it is easy to see why.

Many big names including Tesla, Facebook, Paypal, Blackrock, Fidelity, JP Morgan, MicroStrategy, Harvard’s endowment fund, and Square as well as well-known billionaire investors Paul Tudor Jones and Stanley Druckenmiller have entered the crypto space driving billions of dollars into the sector.

In fact, the total market value for all cryptocurrencies increased over $1-trillion R15-trillion, which is about 2.5x South Africa’s GDP) over the last 12-months, from $190-billion on January 1st, 2020 to over $1.2-trillion today.

Bitcoin and Ethereum, the largest two cryptocurrencies, make up over 70% of the whole crypto markets’ value and both have repeatedly broken all-time highs. In early February, Bitcoin broke to a new all-time high of $47 066 (around R720 000) per coin, when it was announced that Tesla bought $1.5-billion worth of Bitcoin to hold instead of dollars in its treasury. Ironically, this helped to push Bitcoin’s market value ahead of Tesla’s.

These advances have crowned cryptocurrencies as the best performing investment category of the last decade with a remarkable 46,000% return on investment. This means that an R10 000 investment in the broader crypto market 10 years ago would be worth R4.6-million today.

“We’ve been waiting for institutional players, from payment providers to corporates to hedge funds, enter the crypto space and this is now happening at a rapid pace,” says Sean Sanders, CEO, and founder of crypto investment platform Revix.

Although Bitcoin remains king, Cardano (12 447%), Polkadot (+755%), Chainlink (+697%), and Ethereum (+697%) posted remarkable growth over the last 12-months. This is in part thanks to the rise in decentralised finance (DeFi), which is a subsector of the cryptocurrency industry where entrepreneurs are building semi-automated trading and lending systems atop blockchain networks.

These returns are well ahead of Bitcoin (+311%), traditional assets like gold (up 18%), the JSE Top 40 stock index (+15%), and the S&P 500 stock index (+16%).

The influx of capital into crypto markets comes during a time of extreme and unprecedented economic uncertainty. It marks an important shift in the public’s perception of cryptocurrencies: rather than being seen solely as a speculative asset for those looking for eye-popping returns, cryptocurrencies now maintain a much broader appeal.

Sign-up with Revix and start investing

What does this mean?

Ethereum’s ether token (ETH), hit an all-time high of $1,800 on the 8th of February and has pushed the market value of all the existing ether in the world to about $200-billion. At this level, it’s larger than the U.S. financial giants Wells Fargo ($135-billion) and Citigroup ($132-billion) as well as the 86-year-old Wall Street investment bank Morgan Stanley ($137 -illion).

“The comparison isn’t perfect, since Ethereum works more like a network for companies and developers to build upon rather than the companies themselves. But the exercise does point to the ecosystem’s no-longer-dismissable scale,” explains Sanders.

Why should I care?

“Ethereum has always been the lesser-known rival to Bitcoin for a mainstream audience but increased awareness and understanding of what it can offer creates more awareness causing adoption to accelerate – just like what we’ve seen with Bitcoin,” explains Sanders.

Have I missed out?

Sanders continues, “As with all emerging sectors and technologies, the journey for crypto will continue to have its ups and downs. Price corrections are a natural part of any investment market and are especially natural in the crypto ecosystem.

But one thing is clear: crypto has arrived, and the time to get ahead of crypto’s mainstream breakout is starting to run short. If there’s one thing we can learn from the evolution of the internet and other technologies, it’s that it just takes some time before ideas are turned into actual usable products and crypto seems to be doing just that.”

How can I safely invest?

If you’ve been watching this year’s crypto boom from afar, and want to buy Bitcoin, Ethereum, or a diversified crypto basket, now’s your chance to get started today by signing up for a free account at Revix.

Revix is in the business of making crypto investing secure and effortless. All levels of investors can buy and sell cryptocurrencies with ease on their online platform. Even if you’ve never heard of Bitcoin, you can create an account with no obligations, and learn using Revix’s helpful tools and features. Their desktop and the mobile-friendly website makes it easy for anyone to buy, sell or hold cryptos just like they would stocks.

Revix is backed by Johannesburg Stock Exchange-listed Sabvest and in addition to Bitcoin, Ethereum, users can buy and sell USDC, a stable coin fully backed by the US dollar, a gold crypto token called Pax Gold which is fully backed by physical gold held in London Brinks vaults and 3 ready-made diversified crypto baskets that they call “Bundles”.

Crypto Bundles enable investors to track the broader crypto market performance or a specific sector within the crypto space at a low cost, similar to buying the JSE Top 40 index or S&P 500. Their crypto Bundles are also automatically updated every month so you don’t have to manually buy and sell to stay up to date with the crypto market.

The minimum starting amount for any investment is only R500 so the platform is accessible to everyone. Sign-up is free, there are no monthly fees and their friendly customer support team is there for you every step of the way. You can sell your crypto investment at any time and withdraw your funds: there are no lock-up periods like there are with other investment funds.

Sign-up with Revix for free

There are more and more cryptocurrencies out there, so how do you know which ones to invest in?

“Buying a single cryptocurrency can be easy if you know which one to buy,” says Sean Sanders, founder, and CEO of Revix. “But many people are not confident enough to know which cryptocurrency to back, so buying a Bundle – rather like an ETF or unit trust – takes the guesswork out of it and lets the winners come to you.”

Buying a crypto Bundle rather than a single cryptocurrency makes owning a diversified crypto portfolio more convenient and less risky as you’re not exposed to the price fluctuations of just one crypto asset.

Revix’s crypto products have produced exceptional returns.

Top 10 Bundle

The Top 10 Bundlespreads your investment equally over the 10 largest cryptocurrencies – which covers about 85% of the crypto market when measured by market capitalisation – with each having a 10% weighting. By default, you are buying the 10 biggest success stories in the crypto space. The weightings are adjusted monthly to ensure no crypto exceeds a 10% weighting.

This Bundle includes the top-performing cryptocurrencies: Ethereum, Polkadot, Cardano, and Chainlink which have all significantly outperformed Bitcoin on a relative basis.

Payment Bundle

The Payment Bundle holds the cryptocurrencies which aim to become cash, like rands or dollars. The Bundle provides exposure to the 5 largest payment-focused cryptocurrencies looking to compete with government-issued fiat currencies to make digital payments cheaper, faster, and more global.

These cryptos include Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Stellar (XLM), and Monero (XMR).

Smart Contract Bundle

The Smart Contract Bundle tracks those (change “those” to “the”) cryptocurrencies that aim to offer an open-source, public network without any downtime, fraud, control, or interference from third parties.

Smart Contracts use the blockchain to allow peer-to-peer transactions without the need for third-party verification. This Bundle comprises cryptocurrencies like Ethereum that enable developers to build applications on top of their blockchains, much like how developers build mobile apps on top of the Apple mobile iOS operating system. The cryptos in this Bundle include Ethereum, Cardano, Tron, Neo, and EOS.

Get started with Revix’s Smart Contract Bundle

Low fees

Revix charges no monthly account or subscription fees, but rather a simple 1% transaction fee for both buys and sells and a 0.17% per month rebalancing fee (which amounts to 2.04% a year) on the total Bundle value held (this fee is not levied on single cryptocurrencies like Bitcoin or the Pax Gold token).

As the old proverb goes, “Don’t look for the needle in the haystack. Just buy the haystack.” It seems diversification in the rapidly changing world of crypto maybe even more important than in other markets.

How to sign up to Revix

About Revix

Revix brings simplicity, trust, and great customer service to investing. Its easy-to-use online platform enables anyone to securely own the world’s top investments in just a few clicks.

Revix guides new clients through the sign-up process, to their first deposit and first investment. Once set up, most customers manage their own portfolio, but can access support from the Revix team at any time.

For more information, visit Revix.

This article is intended for informational purposes only. The views expressed are not and should not be construed as investment advice or recommendations. This article is not an offer, nor the solicitation of an offer, to buy or sell any of the assets or securities mentioned herein. You should not invest more than you can afford to lose, and before investing please take into consideration your level of experience and investment objectives, and seek independent financial advice if necessary.

Company Office is a subscription-based press office service.

Revix

Revix

Revix is an intelligent investment management platform which allows anyone, anywhere to create a diversified portfolio or “Bundle” of the world’s top cryptocurrencies. With Revix’s Crypto Bundles, owning more than 80% of the market is possible in just a few clicks – investing in cryptocurrencies has never been so easy!For more information head to www.revix.com.

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Many big names including Tesla, Facebook, Paypal, Blackrock, Fidelity, JP Morgan, MicroStrategy, Harvard’s endowment fund, and Square as well as well-known billionaire investors Paul Tudor Jones and Stanley Druckenmiller have entered the crypto space driving billions of dollars into the sector.

Source: https://ventureburn.com/2021/02/what-has-outperformed-bitcoin/

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Applications for 2021 SAB Social Innovation and Disability Awards open –

Applications for the SAB Foundation‘s 11th annual Social Innovation and 6th annual Disability Empowerment Awards are now open.

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Applications for the SAB Foundation‘s 11th annual Social Innovation and 6th Disability Empowerment Awards are now open.

Applications close on 31 March 2021

Bridgit Evans, SAB Foundation Director explains that the awards promote innovation and help entrepreneurs push-boundaries in their concept development.

“Over the years, we have seen entrepreneurs who had barely more than an idea when they started with us, go on to reach national and even international significance in addressing complex social problems in efficient and sustainable ways. With the world being where it is right now, we are excited to see what emerges through this application process. We always look forward to seeing the innovations that emerge each year.”

The awards aim to empower innovative entrepreneurs to develop unique products and services that assist the county’s most vulnerable communities. Winning social innovators stand the chance of receiving R200 000 to R1.3-million in funding for their innovations along with valuable business coaching and technical support.

The SAB Social Innovation and Disability Awards

Applications for the awards opened on 25 February and close on 31 March 2021. Interested applicants must apply via the online SAB Foundation portal.

The Social Innovation Awards target innovators, social entrepreneurs, institutions, and social enterprises that are early-stage startups with prototypes that aim to tackle social challenges.

Requirements for this category are that the products, services, business model, and processes must directly address challenges faced by low-income women, youth, people living with disabilities, or individuals living in rural areas.

The Disability Empowerment Awards focus on awarding social enterprises that have developed innovative solutions aimed at improving access to the economy or as a general solution for individuals living with disabilities. In addition, entrants proposed early-stage business model should be able to generate sustainable revenue.

Ntandokazi Nodada, Social Innovation Specialist at the SAB Foundation, comments on the launch of this year’s award applications.

“These awards give us the opportunity to meet so many talented social innovators who are really eager and enthusiastic to drive change and improve the lives of people in their communities and beyond.”

According to the SAB Foundation, to date, the awards have deployed over R92-million in grant funding and supported 139 social innovators.

Read more: Applications for SA Accelerator for black women tech founders opens
Read more: Google launches second News Initiative Innovation Challenge

Featured image: Portia Mavhungu – 2020 Disability Empowerment Awards finalist (Supplied)

“Over the years, we have seen entrepreneurs who had barely more than an idea when they started with us, go on to reach national and even international significance in addressing complex social problems in efficient and sustainable ways. With the world being where it is right now, we are excited to see what emerges through this application process. We always look forward to seeing the innovations that emerge each year.”

Source: https://ventureburn.com/2021/02/applications-for-2021-sab-social-innovation-and-disability-awards-open/

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New SA fintech startup aims to make travel affordable

South African-founded travel-focused fintech Wunderlust aims to make travel more affordable to locals by offering monthly installment payments for flights.

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South African-founded travel-focused fintech Wunderlust aims to make travel more affordable to locals by offering monthly installment payments for local and international flights.

Wunderlust’s platform enables locals to pay for flights with monthly installments

In an interview with Ventureburn, Dylan Solarsh, co-founder of Wunderlust provides insight into what led to the creation of the inventive startup.

“Personal experience with friends; who landed up missing trips, family events and crucial moments because they could not afford the upfront travel costs. After seeing this happen to so many people it became clear that people were always putting off travel for a future date which never seemed to arrive. Life was passing them by! We conceptualised how best we can allow people to travel and thus Wunderlust was born. This offering allows people to do the things that matter most instead of spending their money on material goods.”

Wunderlust

Founded by Dylan Solarsh and Dylan van der Merwe, Wunderlust officially launched in December 2020.

Wunderlust aims to make travel accessible to anyone with its monthly installment repayment system for flights.

“‘For families looking to reunite or go on a well-deserved holiday; to young professionals looking to travel abroad and opening the landscape for people who have never had the opportunity to experience the joy of travel. We are for everyone. We want to be the service that enables these moments to happen,” explains Solarsh.

The travel fintech startup has reportedly received funding from an angel investor at the idea stage of development.

How does it work?

Users are prompted to conduct a credit application process when booking their flights for travel. The startup’s unique platform has made this process simple and easy.

Users are able to maintain their credit card facility and use it while visiting their destination.

“In time, with scale, Wunderlust will be a much cheaper option for financing travel compared to financing it on your credit card,” adds Solarsh.

The process is fully transparent and users are charged interest on the ticket price when financed over a period of six to 12 months. This interest reportedly varies from 9,5% to 15%, depending on a user’s credit score. An additional monthly fee is charged to users for managing the booking.

In order to secure a successful application on the platform to purchase flight tickets, users must be over the age of 18, a South African citizen, employed and have a good credit score.

Partnering with top players in the travel industry, the Wunderlust platform is completely custom built featuring airlines, flight purchases, credit verifications, and loan management, making it a one-stop-shop for all a user’s flight needs.

When asked about the future of the startup, Solarsh explains that the company plans to expand its offering.

“We are an ambitious company with International aspirations. We are planning to expand our product offering to include accommodation, trip packages, rental cars, and travel insurance. We plan to finance the entire travel journey all with the goal of making travel affordable!”

Read more: SA car tech startup creates automotive marketplace for locals
Read more: New SA legal tech platform launches for SMEs

Featured image: Dylan Solarsh and Dylan van der Merwe, founders of Wunderlust (Supplied)

Source: https://ventureburn.com/2021/02/new-sa-fintech-startup-aims-to-make-travel-affordable/

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Stellenbosch Network Opens Programme to upskill local entrepreneurs –

The Stellenbosch Network Entrepreneurial Mentorship Programme, an initiative aimed at supporting and upskilling budding entrepreneurs, applications open.

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The Stellenbosch Network Entrepreneurial Mentorship Programme, an initiative aimed at supporting and upskilling budding entrepreneurs, has officially opened for applications.

Applications close on 1 March 2021

Conducted over eight months, the programme aims to equip selected participants with the skills and knowledge to grow their business and improve their management skills with mentorship provided by experienced business moguls.

The Stellenbosch Network Entrepreneurial Mentorship Programme

The programme is flexible and aims to fit the busy schedule of entrepreneurs and business owners allowing selected participants to organise their sessions with mentors.

Selected participants of the programme will receive two-hours of mentee training and will be briefed on how to prepare and make the most of the mentee and mentorship relationship.

Over the course of the programme, mentees who have been paired with a mentor will receive at least 12 hours of mentorship support.

Hanli Brink, Operations Manager at Stellenbosch Network comments on the importance of one-on-one mentorship for budding entrepreneurs.

“Feedback received from our previous initiatives indicates that entrepreneurs who frequently engage with a mentor develop better decision-making skills. They also tend to feel more inspired to tackle the various challenges associated with starting one’s own business and the feelings of isolation, which many people feel when pursuing entrepreneurship, are reduced.”

Applications for the programme can be found here and must be submitted to [email protected]. Applications close on 1 March 2021.

Requirements

Interested applicants must adhere to the following requirements to qualify for the programme:

  • Be a full-time owner of a business that has been operating for at least 12 months, not employing more than 15 people, and with a maximum annual turnover of R1.5-million.
  • Not be in the employment of another company while running their current business and have no previous management education at tertiary level.
  • Be a South African citizen aged 23 years or older, with a Grade 12 school-leaving certificate (although applications may be looked at on a case-by-case basis if applicants have not completed Matric/Grade 12).
  • Be proficient in English and live or work in the Stellenbosch or Franschhoek area. They must also be willing and available to receive at least 12 hours of mentoring support for the duration of the Programme.
  • Be able to travel to training sessions at Stellenbosch University, Stellenbosch. (Please note that accommodation is not provided.)

Read more: Applications for SA Accelerator for black women tech founders opens
Read more: Google launches second News Initiative Innovation Challenge

Featured image: Mario Gogh via Unsplash

Source: https://ventureburn.com/2021/02/stellenbosch-network-opens-programme-to-upskill-local-entrepreneurs/

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