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RE: Bitcoin Price Soars To $13,000 In Desperate Zimbabwe
Couple this with Venezuela and you see how much of an impact that cryptocurrencies can have. The fact they are decentralized means that no government can affect them. As much as the regulators talk about taking control, they are peeing in the wind.
The more turmoil that occurs in the next 12 months, the more legitimacy that bitcoin and other cryptcurrencies get. And since Bitcoin has the name recognition, it will be the one that benefits.
I live in Venezuela and the Bitcoin arrived as fallen from the sky, cash is scarce enough, inflation kills all your income and savings, and the black market grows quite strongly, sometimes you are charged + 25% for taking out cash.
The BTC allows you to dodge the State like no other, its usefulness is enormous, and many may still not understand that.
Wow. What an amazing story...thanks for the upfront and personal view of what is going on....
I agree I dont think most people are aware of what is going on with those areas where banking and the currency is unreliable. It is something that many take for granted.