Bitcoin Demand Surges in Zimbabwe Following Successful Coup

in #crypto7 years ago

The price of Bitcoin surged by as much as 10% on the Zimbabwean exchange Golix in mid-November 2017 after the military successfully staged a coup d'état. The country is already known not to have a strong economy;
Zimbabwe’s peak month of inflation was November 2008, when the rate of inflation hit an estimated at 79.6 billion percent.
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Based on data from the Golix website, Bitcoin’s price has skyrocketed to up to $13,499 in the country, nearly double its rate in the international markets. As of November 15, Bitcoin was trading at $13,010 in the country’s capital Harare.

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Source: https://cointelegraph.com/news/bitcoin-demand-surges-in-zimbabwe-following-successful-coup

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