The entire GDP for Zimbabwe is only $16 billion.
Daily GDP is about $4.5 million.
At $8200 per BTC, that puts 2.47 daily BTC volume at half of a percent of the entire Zimbabwean GDP.
In contrast, the U.S. GDP is $18.5 trillion.
Daily GDP is about $50 billion.
Daily BTC volume is 65,000 BTC
That puts BTC volume at roughly 1 percent of GDP.
Almost sounds like a few people with a few thousands dollars wanted to make sure their money didn't tank and bought bitcoin at an inflated rate to avoid risking total loss.
The entire GDP for Zimbabwe is only $16 billion.
Daily GDP is about $4.5 million.
At $8200 per BTC, that puts 2.47 daily BTC volume at half of a percent of the entire Zimbabwean GDP.
In contrast, the U.S. GDP is $18.5 trillion.
Daily GDP is about $50 billion.
Daily BTC volume is 65,000 BTC
That puts BTC volume at roughly 1 percent of GDP.
Almost sounds like a few people with a few thousands dollars wanted to make sure their money didn't tank and bought bitcoin at an inflated rate to avoid risking total loss.