"We Can Pay off Our Country's Debt in Two Years Thanks to Bitcoin", He Said, and Buried the Gold! - Coin Bulletin

South African businessman and political figure Mzwanele Manyi has made striking statements on Bitcoin's potential to transform national economies.**

Manyi stated that if Bitcoin is used with the right strategy, South Africa can **eliminate its debt in just two years" and give the country financial independence.

Debt relief strategy with Bitcoin

South Africa has been struggling with a growing national debt burden for a long time. Rising debt limits government spending, while increasing pressure on the country's economy. A large part of government revenues is used to pay interest on debt.

Manyi believes that Bitcoin can play a critical role in solving this problem. Bitcoin's supply is limited to 21 million coins, making it an inflation-hedged store of value compared to fiat currencies. According to Manyi, by taking advantage of Bitcoin's long-term price growth, South Africa's debt burden could be eased and the country could gain economic independence.

Financial sovereignty for South Africa

Manyi thinks that Bitcoin will not only reduce debt, but also give South Africa greater financial sovereignty. He states that Bitcoin can reduce dependence on traditional financial systems and help the country control its external debts. Furthermore, Manyi notes that Bitcoin can also be an effective tool to protect the country's wealth against the potential depreciation of its gold reserves.