Bitcoin Prices Skyrocket to $7200 on Zimbabwean Exchange During Economic Turmoil

[jamie.redman1]

According to various reports, the African country of Zimbabwe is suffering from severe economic hardships similar to the inflation and currency crisis in Venezuela. Furthermore, demand for bitcoin is skyrocketing as the country’s only exchange is seeing bitcoin trades at US$6150 per BTC at the time of writing.

Zimbabweans are dealing with an economic crisis at the moment, as the country is seeing a wave of food and fuel shortages across the country. The nations’ currency is practically worthless, and Zimbabwe’s central bank is draining the reserves of individual forex markets. This is leading the country’s citizens towards finding alternative stores of value like hoarding gasoline, food and medical supplies, certain commodities, and now the digital asset bitcoin.

Read More Here >>> https://news.bitcoin.com/bitcoin-prices ... c-turmoil/

[OneChain]

Isn't this an amazing arbitrage opportunity? What is the catch?

[nandibear]

According to various reports, the African country of Zimbabwe is suffering from severe economic hardships similar to the inflation and currency crisis in Venezuela. Furthermore, demand for bitcoin is skyrocketing as the country’s only exchange is seeing bitcoin trades at US$6150 per BTC at the time of writing.

Zimbabweans are dealing with an economic crisis at the moment, as the country is seeing a wave of food and fuel shortages across the country. The nations’ currency is practically worthless, and Zimbabwe’s central bank is draining the reserves of individual forex markets. This is leading the country’s citizens towards finding alternative stores of value like hoarding gasoline, food and medical supplies, certain commodities, and now the digital asset bitcoin.

Read More Here >>> https://news.bitcoin.com/bitcoin-prices ... c-turmoil/

Thanks for posting, Mr. Redman.

You're articles on Bitcoin rank among the best anywhere online/offline!

I'm really interested in new which deals with:

(a.) Bitcoin and US Gov (law)

(b.) Bitcoin in African countries

After reading your article regarding Zimbabwe I even checked out their Bitfundi exhance (aka BitFinance aka BitcoinFundi). I also check them out again this even and see that they are now golix.io

A couple of days after your article they published this:

https://blog.golix.io/weve-just-changed ... cc81ba21f7