Cryptocurrencies are likely undervalued at the moment and South African investors should make the digital currencies a small part of their investment portfolio, Michael Jordaan told the Sunday Times.





Jordaan is well known as the founder of Montegray Capital and an investor in a range of startups, including Rain and Bank Zero.





Speaking to the Sunday Times, Jordaan said South Africa has some of the leading blockchain developers in the world and is home to many world-class cryptocurrency startups.

He also said that following the burst of the Bitcoin bubble, cryptocurrencies are probably undervalued as an asset class.





“It would be wise for investors to allocate a small part of their portfolio (even if less than 1%) to cryptoassets,” Jordaan said.

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