Ukwamkelwa kweBitcoin kwiziko: Ithetha ntoni kwaye kutheni ibalulekile

Umthengi osezantsi weBitcoin utshintshile. Ukusukela oko kwavunywa i-American spot-traded fund (ETF) ngoJanuwari 2024, abantu ababhala iitshekhi ngabaphathi be-asethi, iinkampani ezidwelisiweyo kunye nabaphathiswa bomhlalaphantsi, hayi nje abantu abanoluvo oluqinileyo. Esi siqwenga simisela ukuba olu tshintsho ngokwenene lwenza ntoni kwi-asethi yonikezelo olusisigxina, kutheni ukugcinwa yinxalenye eyohlula umamkeli obalulekileyo kumxholo, kwaye kuthetha ntoni kumaphepha ebhalansi aseMzantsi Afrika.

Kutheni umthengi etshintshile kwaye kutheni oko kubalwa

Kubomi abaninzi beBitcoin umthengi ongenguye ebengumntu wabucala onoluvo oluqinileyo kunye netshekhi encinci. Loo mthengi wakha isiseko kwaye andinanto ngaphandle kokuhlonipha abo basekuqaleni. Abantu ababhala iitshekhi ngoku bohlukile. Bafunda i- due diligence memos, baphendula kubaphathiswa kwaye babela amashumi ezigidi ngexesha.

Umhla wehenjisi kulula ukuwubiza. Ngomhla we-10 kuJanuwari 2024 umlawuli waseMelika uvunyiweyo elineshumi elinanye leemveliso ezirhwebayo zeBitcoin kwisigqibo esinye, kwaye okokuqala ngqa umphathiswa womhlalaphantsi okanye umphathi wobutyebi unokuthenga utyhileko lweBitcoin ngokusebenzisa imibhobho efanayo abasele beyisebenzisile kwizabelo zamashishini ezingenanzala emisiweyo. Ekupheleni kwaloo nyaka ezo mali beziphethe malunga ne-1.08 yezigidi zeengqekembe kwaye zathwala malunga ne-100 leebhiliyoni zeedola zaseMelika. Elona likhulu kubo lafikelela kwisikali kwathatha iminyaka yemveliso yegolide elinganayo ukuyakha. Ukuqukuqela kwengxowa-mali akuzange kukhe kuziphathe ngolu hlobo ngaphambili.

Unikezelo alunakuphendula. I-cap yi-21 yezigidi zeenkozo kunye nesiqingatha sokukhutshwa okutsha rhoqo emva kweminyaka emine kungakhathaliseki ukuba mangaphi amagumbi ebhodi athatha isigqibo sokuba afuna ukungena. Xa umthengi ogulayo onobude obude edibana ne-asethi ishedyuli yayo yemveliso igxininiswe kwikhowudi, ixabiso kuphela kwento eshiywe ikhululekile ukuhamba. Ndilandele umkhondo wokutshayisana Ukwamkelwa kwexesha elizayo leBitcoin kunye neqhinga lokugcina ityala, yaye ukususela ngoko akukho nto iye yathambisa isiphelo.

Ukubuyisela amaxabiso kuthande ukulandela. Akukho kwishedyuli nabani na onokukuthengisa, kwaye kungekhona kumgca othe tye, kodwa ulwalathiso aluyimfihlakalo.

I-Bitcoin ifundwa njenge-asethi ye-treasury, kungekhona urhwebo

Inguqu enomdla ngakumbi ayibobungakanani bokuhamba. Lutshintsho kwiibhodi zemibuzo ezibuzwayo. I-Bitcoin ayisalinganiswa kuphela njengento yokurhweba ngenzuzo ekhawulezayo, ebanjwe ixesha elithile kwaye ithengiswe kwi-rally yokuqala enzulu. Ilinganiswa njengenkunzi yemali kanondyebo, ihleli kwikholamu yengqondo efanayo nogcino olugcinwe yinkampani ngokukhetha kunye nokukhusela ukopha okucothayo kwemali enokukhutshwa ngokuthanda kwayo.

IJaji iBitcoin njengorhwebo kunye nokuguquguquka kuqhuba yonke incoko. Yigwebe njengovimba wexesha elide kwaye imibuzo itshintsha ngokupheleleyo: inqabe kangakanani, iphatheka kangakanani, ingakanani na ulwelo ngokobungakanani, kwaye ihleli kude kangakanani ngaphandle koomatshini bokucoca abakhukulisa ibhalansi yefiat unyaka nonyaka. Leyo yimibuzo kanondyebo kwaye ineempendulo zikanondyebo.

Inkampani eyenza eli tyala lavakala kakhulu yayiyinkampani yesoftware yaseMelika iMicroStrategy, ukusukela oko yathiywa ngokutsha iQhinga, eyaqala ukuguqula ibhalansi yayo ngo-2020 kwaye ngoku ibamba malunga neengqekembe ezingama-479,000. Ikwanike imarike ibhodi yamanqaku. Esikhundleni somvuzo ngesabelo ngasinye sibika ukukhula kwiBitcoin ebanjwe ngesabelo ngasinye, umlinganiselo ongahoyi ixabiso ngokupheleleyo kwaye ubuze kuphela ukuba isabelo ngasinye sixhaswa yingqekembe engaphezulu kunonyaka odlulileyo. Leyo yindlela ethembekileyo yokugweba nayiphi na inkampani eyakhelwe kule modeli, kwaye ndiya kumatshini, iprimiyamu kunye nayo yonke into, kum. ukuphononongwa kweenkampani ze-Bitcoin zobuncwane.

Indlela yokuhamba iqinisa unikezelo olungenako ukwandisa

Abanini abakhulu benza into yokuthengisa ngokungafane iyenze. Bathenge bakugqiba bahlale. Iingqekembe ezihamba kwi-balance sheet okanye kwi-long-horizon fund zidla ngokungakhutshelwa ngaphandle nangaphakathi kwimarike rhoqo ngenyanga. Zigcinwa, rhoqo iminyaka, kwindawo elinganiselwe kumashumi eminyaka. Oko kurhoxisa unikezelo echibini elifumanekayo kuye wonke umntu, kwaye ikwenza ngokuzolileyo.

Ekuqaleni kuka-2025 iinkampani ezidwelisiweyo phakathi kwazo zazibambe malunga ne-914,000 yeingqekembe, malunga ne-4.4% yayo yonke into eya kuze ibekho, kwaye ukuqokelelwa kweenkampani kuphindwe kabini kwisithuba sonyaka omnye. Yongeza imali ehleli phezu kwayo. Abagcini beqela lesithathu ngoku bakhuselekile kufutshane nezigidi ezilithoba eziinkozo kulo lonke ishishini, urhulumente, ingxowa-mali kunye neendawo ezisongelweyo, ngaphezulu kwesithathu sonikezelo lulonke, olukuxelela ukuba ingakanani i-Bitcoin ethe cwaka yafudukela kwindawo yokugcina iziko.

Kukho isiphumo sesibini esinobunzima obufana nesokuqala. Isabelo esinye esibalulekileyo sibonelela ngokulandelayo. Ibhodi yomhlalaphantsi ebukela i-peer ithatha indawo encinci ifumana incoko yangaphakathi ilula, kwaye inkampani edwelisiweyo ebona umntu okhuphisana naye echaza i-odolo yokubamba eyakhe isifundo kwikota. Akukho mntu ufuna ukuba ngowokuqala. Phantse wonke umntu ukulungele ukuba ngowesibini. Ukwamkelwa kolu hlobo kunqabile ukuba kufike yedwa. Ifika ngamaza, ngalinye lithoba ixabiso legama lamaza emva kwayo.

Eyona mali igcina imali iqala ukuhamba

Ukuba iinkampani ibingabathengi bokuqala beziko, ababi abasemva kwabo bafanele ukujongwa, kuba izigunyaziso zabo zicotha ngoyilo. Xa iqumrhu eliphendula abantu abadla umhlala-phantsi okanye kumnini olawulayo libeka nokuba umgca omncinci kwi-asethi entsha, liye lasinda kwinkqubo yokuvunywa ixesha elide kunokuba nayiphi na i-hedge fund inokunyamezela.

Amanani okuqala athobileyo kwaye yingongoma leyo. Kukho sele kumntla 480 million US dollar imali yomhlalaphantsi American etyalwe kwindawo Bitcoin okanye izixhobo ezinxulumene, kunye nengxowa yobutyebi ezimeleyo Gulf wavula isikhundla ngokusebenzisa ETFs ngasekupheleni 2024. Seta ngokuchasene ubungakanani loo maphepha umncono, imigca iimposiso rounding. Olu ayilulo ukubheja kwepotfoliyo. Ziizandla. Kodwa i-toeholds kolu hlobo lwemali yindlela udidi oluhloniphekileyo ngayo, kuba ikomiti elandelayo akusafuneki ibe yeyokuqala kwigumbi ukuba ewe.

Imali yomhlalaphantsi yaseMzantsi Afrika ihleli phantsi koMmiselo wama-28, olawula ukuba yeyiphi na imali yomhlalaphantsi enokuthi ibambe kwaye ayinayo indlela ecocekileyo yeeasethi ze-crypto ngqo okwangoku. Yiyo loo nto kanye isithuthi esidwelisiweyo sifumana indawo yaso apha, kuba ingxowa-mali evunyelweyo ukubamba izabelo eziqhelekileyo inokufikelela ekutyhilekeni kweBitcoin ngokusebenzisa i-equity wrapper ngelixa ucango oluthe ngqo luhlala luvaliwe. Indlela yokusebenza ayifezekanga kwaye ineendleko zayo, kodwa yindlela imali egunyazisiweyo ethanda ukufika ngayo kuqala naphi na.

Umbuzo wogcino kukuba umsebenzi wokwenyani uhlala phi

Nje ukuba iziko liphendule ukuba libambe iBitcoin, libaleka ngqo kumbuzo onzima wokuba njani. Le yinxalenye eyahlula umabi-mali onzulu kwisihloko. Ukubamba i-Bitcoin ngokufanelekileyo kuthetha ukulawula kwangaphakathi, iinkqubo zokusayina, ukubuyiswa kweentlekele, ukucwangciswa kokulandelelana kunye nokwahlula okucocekileyo kwemisebenzi, ukuqeqeshwa okufanayo nawuphi na umgcini wexabiso oye wasoloko efuna.

Iziseko zophuhliso zikhule zikhawulelana naloo mfuno. Emva kokuwa FTX kushishino kwamkelwa ubungqina-of-oovimba ubungqina njengomgangatho ukusebenza, kwaye ngo-2025 ngaphezu kwesiqingatha semali exchange-ebanjwe wahlala phantsi kolunye uhlobo, ijika elibukhali ukusuka apho izinto zazimi ngo 2022. Ukususela ekuqaleni kuka-2026, incwadi yomthetho yebhanki yehlabathi ibeka i-prudential kunye ne-disclosure ebambe i-crypto-framework ye-learset yebhanki esekelwe kwi-level ye-level ye-left. ukunika ilungelo lokugcina ngaphandle kokuyila imithetho njengoko behamba.

I-Bitcoin inokuzimela, ibanjwe ngokubambisana okanye ibekwe kunye nomgcini oqeqeshiweyo, kwaye impendulo echanekileyo ixhomekeke kwisigunyaziso, ubungakanani bendawo yokugcina kwaye ngubani omele azive ekhuselekile. Kwizinto ezibambekayo ndithanda ilungiselelo apho umnini agcina ulawulo lwezitshixo kunokuba azinikele kwisisonga. Yiloo nto ke iVault yakhelwe, isicwangciso semultisig apho umxhasi ubambe izitshixo ezimbini zehardware kwaye ndibambe kuphela isitshixo sokubuyisela, ke akukho sixhobo esinye kwaye akukho menzi omnye unokuphulukana nesikhundla sakho.

UMzantsi Afrika unesikhundla esingaphezulu kunokuba uninzi lwabantu luqaphela

Akukho mntu ePitoli uyila umgaqo-nkqubo wokugcinwa kweBitcoin. Yintoni eli lizwe elinayo, elinqabileyo kunokuba livakala, licacile lolawulo: i-FSCA ibhengeze iimveliso ze-crypto assets zezemali phantsi koMthetho we-FAIS ngo-Oktobha 2022, ngoko ke iziko laseMzantsi Afrika linokwenza ngaphakathi kwesakhelo esinelayisensi kunokulinda amagqwetha ukuba agqibe ukuphikisana ngeenkcazo.

Amaphepha ebhalansi abucala kulapho ibali lokwenyani lihlala khona. Iinkampani zaseMzantsi Afrika zibambe phantse i-R2 yetriliyoni koovimba bemali, uninzi lwayo lurhola imali encinci kunexabiso lerandi eliphulukene nayo ngokwenyani lo gama isalindile. Ayizizo zonke ezo zeBitcoin, kwaye nabani na okuxelela ngenye indlela uthengisa into. Amashishini afuna inkunzi yokusebenza, ii-buffers, imali yokuhlawula kunye nerhafu kunye nababoneleli. Kodwa ukuba isiqwenga esinedijithi esezantsi yolo vimba siye saya kwi-asethi enqongopheleyo kwisithuba seminyaka elishumi, isiphumo kwi-balance sheet-ingcinga inokuba yinyani, kwaye imali yomhlalaphantsi kunye ne-alllocator capital ehleli emva kwezo nkampani zifanayo ayikaqalisi ukujonga. Ngoku kukho umzekelo wasekhaya odwelisiweyo, endiye ndagubungela kuwo Inkampani yokuqala yaseAfrika edweliswe nguJSE yeBitcoin, kwaye itshintsha incoko ukusuka kwithiyori ukuya kwinto umlawuli anokwalatha kuyo.

Imali engasebenziyo ivakala ikhuselekile. Kwixesha elide ngokwaneleyo ukubamba kubiza ngokuzolileyo.

Umbono omde, kunye nento endiya kuyenza ngokwenene

I-asethi eyimali yonikezelo olusisigxina ayifuni ukuba wonke umntu abe nayo ukuze anyukele phezulu. Ifuna inani elikhula ngokuthe ngcembe labanikeli abanzulu abafikelela kwisigqibo esifanayo: ukuba ukungayibambi nayiphi na kuyo kuyingozi enkulu kunokubamba enye. Uninzi lwabaphathi bobutyebi behlabathi abakabambi nto. Izigunyaziso zomhlalaphantsi ezivumayo ziyaqala ukubhalwa. Igophe lisendleleni kwaye akukho ndawo ikufutshane nokugqiba.

Eyam indawo, kuba sele uyiqikelele ngoku, kukuba ndingakhetha ukuba ngumnikazi we-asethi kunebango kuyo. Ingxowa-mali ikunika ixabiso kwaye igcine ingqekembe. Ubunini obuthe ngqo bukunika into ngokwayo, kunye neepropati ezingezizo ezizimeleyo eziye zakwenza ukuba kuthengwe kwindawo yokuqala, kwaye akukho nanye yengozi ye-counterparty ekumele isuswe. Kwiziko elilinganisa ulwabiwo, ndiza kuqhuba isifundo ngendlela efanayo ibhanki ephakathi eqhuba ngayo igolide yayo: uthenge ngaphandle kwedrama, ubambe ngaphandle kweendlela ezimfutshane kwaye ubhale yonke into ukuze isikhundla sisinde kuphicotho-zincwadi okanye utshintsho lobunkokeli. Ukuba uhlala ebhodini ujika le nto, okanye ufuna nje amanani agqithwe ngokuchasene nesigunyaziso sakho, unga incwadi incoko Bitcoin unondyebo kwaye siya kuyenza kanye loo nto, kube kanye, ngasese.