Richest woman in South Africa against investment in BTC

Posted 28 August, 2019

Magda Wierzycka, the richest woman in South Africa, said that bitcoin has become one of her most failing investments. The businesswoman also called all cryptocurrencies a scam project that is simply designed to hide the financial pyramid under the guise of assets.

As noted, Magda grew up in Poland, but the collapse of the Polish economy forced their family to move to Austria. There, the future billionaire lived in a refugee camp. Later, the family decided to move to South Africa, where began to build their own business. Magda climbed the corporate ladder slowly, but in 2003 became the CEO of African Harvest Group. She later created her own company, Sygnia Asset Management. 

For 13 years of work in South Africa, Wierzycka was able to increase its assets by about 100 times. In October 2015, Sygnia was listed on the Johannesburg Stock Exchange, after which its revenues increased by about 400%. Now Wierzycka continues to develop his own business, investing in promising projects. 

According to Magda, bitcoin has become the worst investment in her life. She bought her first bitcoin for $4,000, and the last for $18,000. However, it so happened that the price of bitcoin began to decline in the same week. That time, Magda lost not only a lot of money but also a faith in bitcoin. Since then, Magda Wierzycka prefers to simply stay away from cryptocurrencies, regardless of what other investors say about them.

According to the head of Sygnia Asset Management, she never listened to other investors who recommended transferring part of the assets to cryptocurrency. It was because of this that she was able to correctly manage the funds and open several promising projects.

Previous story

29 August, 2019 11:17

← Bakkt announcement: deposits to be accepted since September

Bakkt cryptocurrency platform will start accepting bitcoin deposits from the beginning of next week. Representatives of the Intercontinental Exchange Corporation, of which the exchange is a part, noted that the main feature of the new service will be the most modern system of security of assets and personal data.

Bakkt announcement: deposits to be accepted since September

Next story

28 August, 2019 13:58

Telegram gets ahead of China and Facebook →

Telegram messenger is going to release the first batch of its own cryptocurrency Gram in the next two months. The New York Times reported details on the development of the Telegram Open Network project.

Telegram gets ahead of China and Facebook
Write a comment
Prove you’re not a bot + 19 = 36